The meeting comes after the BJP and PDP reached a consensus on a Common Minimum Programme (CMP) that will form the basis of their unique coalition government in Jammu and Kashmir.
Sayeed, who arrived here last evening, met the Prime Minister at his residence to give finishing touches to the cabinet that would be sworn-in along with Sayeed on Sunday.
The new alliance government is unique as the BJP, which secured 25 seats in the Assembly elections, will be part of the government in the sensitive state.
The swearing-in function will be held in Jammu where Governor N N Vohra will administer oath to Sayeed, who is returning as Chief Minister after a gap of more than nine years.
He was earlier Chief Minister of the state in alliance with Congress from November 2002 to November 2005.
Sayeed is likely to invite Modi for the swearing-in function in Jammu which will be held at Zorawar auditorium.
A former Union Home Minister in V P Singh government, which was supported by the BJP from outside in 1989, Sayeed has refused to comment on controversial issues like Article 370, revoking of Armed Forces Special Powers Act, rehabilitation of West Pakistan Refugees and talks with separatists.
"I won't talk on the issues....It (CMP) will come in black and white and the entire public of the country will see what we are doing," he had said last evening after his arrival here.
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