The long-awaited talks in the capital Naypyidaw, which follow a similar meeting of key political figures in October, come as the country braces for elections seen as a key test of reforms in the former junta-run nation.
The President's office director Zaw Htay said the discussion would likely include maintaining order around the elections, slated for November, as well as details of a landmark draft ceasefire deal agreed with multiple ethnic armed groups last week.
Suu Kyi's opposition National League for Democracy (NLD) confirmed she would attend the meeting but gave no other information about the talks, which are expected to begin at around 3:00 pm (0830 GMT).
"She will attend. But I don't know details like what she might discuss, or her priorities," NLD lawmaker Win Myint told AFP.
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The NLD is expected to hoover up votes in November's election -- the first countrywide poll that the party has contested in almost three decades.
She has solicited a wide spectrum of support, including from US president Barack Obama, for her move to change the constitution, which she has described as "unjust" and written specifically to keep her out of power.
Observers say she has accepted that it is unlikely she will be able to become president at this time.
Last year the NLD gained five million signatures -- around 10 per cent of the population -- in support of its bid to change another constitutional provision that enshrines the military's effective veto on any amendments by reserving them a quarter of parliamentary seats.
The NLD meanwhile has admitted the military veto meant it could not win a parliamentary vote on the issue.