He will address party supporters at what is expected to be a huge rally outside the party's headquarters at 10pm tonight.
Smiling and looking spry in a dark suit and tie, the 70-year-old gave a thumbs-up to a crowd of journalists before being whisked away by vehicle for an audience with the country's king.
Newly elected Malaysian Prime Minister Mahathir Mohamad, who was sworn in on Thursday, has vowed to investigate the 1MDB scandal and take action against those who may have abetted or benefited from corruption at the fund.
The 70-year-old walked free from Cheras Rehabilitation Hospital after being granted a full royal pardon from Malaysia's king, Sultan Muhammad V. In a statement Sunday, Anwar reiterated his party's support for Mahathir's leadership but called for decisions to be made jointly.
Smiling and looking spry in a tailored black suit, Anwar emerged from a Kuala Lumpur hospital where he had undergone surgery for a shoulder problem, giving a thumbs-up to a crowd of journalists before leaving in a convoy of cars without making any public comment.
Mr Mahathir sacked Mr Anwar as his deputy in 1998 amid a dispute over the management of the Asian financial crisis.
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Anwar was freed in 2004 but in 2015, he was jailed again - for five years - for sodomising a former aide, a charge he and his supporters describe as a politically motivated attempt by Najib to end his career.
As he left the hospital, Anwar waved at the large crowd of journalists and supporters gathered outside the facility but did not say anything to them.
Malaysian politician Anwar Ibrahim kisses his wife during a news conference in Kuala Lumpur, Malaysia May 16, 2018.
In the 1990s, Anwar served as deputy prime minister under Mahathir.
"We appealed because there was a miscarriage of justice".
Asked about the timeline of him taking over from Dr Mahathir as prime minister, he said he would give him and Dr Wan Azizah all the support necessary to ensure that the agenda for reform be effectively carried out.
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On Tuesday, Mahathir said he expected to be prime minister for one or two more years, setting off talk of differences between the two.
Anwar said it was a new dawn from Malaysians with the election of the new Pakatan Harapan (PH) government. "I have no malice against him".
Wearing a white shirt printed with a photograph of Anwar and the words "March 2 Freedom", he said he nevertheless believed Anwar and Mahathir could work together and that the alliance's prospects were good.
Mahathir said after winning a parliamentary seat, Anwar could potentially be appointed to the Cabinet. It regrouped as the Alliance of Hope, but it was Mahathir's political comeback and his embrace by Anwar's party that helped seal the opposition's victory.
Mahathir also said he welcomed foreign direct investment in Malaysia by China and other countries, but such investment must bring in capital and technology and provide jobs for Malaysians.
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