The BJP's central election committee meeting, chaired by Shah, was also attended by state Chief Minister Vijay Rupani.
A preliminary list prepared by the state unit of the BJP was discussed, the sources said.
Gujarat's Deputy Chief Minister Nitin Patel, BJP state in-charge Bhupender Yadav and state BJP president Jitu Vaghani were also present at the two-hour long meeting.
The list of candidates would be announced at an "appropriate time", Union minister J P Nadda told reporters after the meet.