"Will take a few days to examine the report, discuss it with senior colleagues (and) then react," Omar said on micro-blogging site Twitter.Com.
The interlocutors' report ruled out a "pure and simple return" to the pre-1953 position, which has been the main demand of the ruling National Conference, and favoured setting up a Constitutional Committee to review all Central Acts and Articles of the Constitution of India to the state extended after 1952.
The report of the interlocutors -- Dileep Padgaonkar, Radha Kumar and M M Ansari -- which was made public today, proposed a 'New Compact' with the people of Jammu and Kashmir, having three components--political, economic and social and cultural --forming a single package which cannot be accepted on a selective basis.
Interlocutors said the return to pre-1953 would create a "dangerous constitutional vacuum" in the Centre-State relationship.
"The clock cannot be set back," the report said.
In another tweet, Omar said he will not be reacting to the report for time being.
"Dear friends in the media, I will not be reacting to the interlocutors' report for the time being, will let you know when, and if, I am ready to," Omar said.