Nasheed reached the official residence of the President in the evening yesterday and left after spending 15 minutes with Waheed, Minivan News reported.
Nasheed, 46, who won the first multi-party elections here in 2008 was ousted from power on February 7, 2012, in a move which he termed as coup. He was succeed by his then vice-president Waheed.
The two leaders have not met since the controversial power transfer, the report said.
Later, the party issued a statement saying Nasheed had expressed his concern at the suspension of the second round of polls by the Supreme Court, the report said.
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Earlier, Waheed had expressed his desire for a smooth transfer of power while warning the external forces to stop interference in the matter.
Nasheed, who led the first round of polls held on September 7 with over 45 per cent votes, has to face Abdullah Yameen, the Progressive Party of Maldives candidate, in the second round of polls.