The meeting, which has been called to discuss "current political situation", will also consider a blueprint for its agitational course in and outside Parliament on the controversial land Ordinance, which seems to have emerged as as a rallying point for Opposition unity.
Amid speculation about the elevation of Rahul Gandhi as Congress president, party spokesperson Randip Surjewala said the Congress vice president is our leader.
"You will be informed whenever the decision to appoint him as party president is taken as per the party Constitution," he said.
This will be the second CWC meeting in recent months to discuss the political situation and the challenge before the Congress after the session last year during which Sonia and Rahul had offered to resign in the wake of the worst-ever debacle of Congress in 2009 general elections, which had seen its tally plummetting to 44 from 206.
The CWC had met a few other times but they were only for passage of condolence resolutions in the wake of demise of AR Antulay and some other senior leaders.
Land Ordinace has offered the party an opportunity to reach out to farmers and refurbish its Aam Aadmi plank, which was hit all the more after the dismal showing in Delhi Assembly polls in 2013 where Aam Aadmi Party's Arvind Kejriwal appeared having taken away this plank from the grand old party.
The CWC meeting is also likely to discuss organizational issues like appointment of office bearers through election or nomination with opinions sharply divided in the party over it.
AICC has already asked state units to launch agitations on the matter before February 15 when the Budget session of Parliament is expected to begin.
The party will also form a Parliament Strategy group to take up the issue more effectively in Parliament when the Budget session begins.
The Land Acquisition Act, a landmark legislation of UPA-II, was the brainchild of Rahul and the party is accusing the NDA government of seeking to take the 'heart and soul' out of the legislation through this Ordinance.