The accused, arrested on February 16, filed his bail applications before the Patiala House Courts registry and his plea is likely to come up for hearing before a sessions court tomorrow.
Earlier on February 19, a magisterial court had dismissed his bail application after the police alleged that "hatred" was being generated against the government.
Meanwhile, Gilani's judicial custody was also extended by two weeks by a court here.
Police had earlier told the court that an event was held on February 10 in which banners were placed showing Afzal Guru and Maqbool Bhat as martyrs.
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At the Press Club event, a group had allegedly shouted slogans hailing Guru, following which the police had lodged a case under sections 124A (sedition), 120B(criminal conspiracy) and 149 (unlawful assembly) of the IPC against Gilani and other unnamed persons.
The police had claimed to have registered the FIR taking suo motu cognisance of media clips of the incident.
Following registration of the FIR, the police questioned DU professor Ali Javed, a Press Club member who had booked the hall for the event, for two days.