At a meeting of the ruling Pakistan Muslim League-Nawaz (PLM-N) parliamentary committee yesterday, Sharif said, "Musharraf wanted a secret deal with me in 2007", according to a report in Dawn.
"Musharraf offered me the deal directly, but I turned it down," he said.
Sharif said Gen Musharraf was willing to meet him and made several attempts to do so in the past. "But I declined."
Many members of the Sharif family too had to live in the Gulf nation after the coup until their return to Pakistan in November 2007.
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"We left the country in a miserable condition and were not allowed to return for a long time," Sharif said, and made it clear he would do the same to Gen Musharraf, who left Pakistan last year for Dubai ostensibly for medical treatment.
However, according to the report in Dawn, Sharif's claims were disputed by former Musharraf aide Ahmed Raza Kasuri. "I have been working with Gen Musharraf for a long time and I have never heard any such thing," he said.
Kasuri said everyone knew that the Sharifs went abroad under an agreement for 10 years and there could be no question that Musharraf offered him a deal to form a joint government.
"It was, in fact, Nawaz Sharif who was begging to return to the country in 2007," he maintained.
On November 3, 2007, then-ruler Gen Musharraf had declared an emergency, suspending the Constitution, which lasted until December 15, 2007. The move then had appeared as an effort by him to reassert his fading power in the face of increasing opposition from the Pakistani Supreme Court and the political parties.