"If the NLD (National League for Democracy) officially registers under the law, we always welcome working with the NLD," labour minister Aung Kyi, the liaison between Suu Kyi and the regime, told reporters.
Suu Kyi's party won a 1990 election but was never allowed to take power.
It boycotted the first ballot in 20 years, held last year, largely because of rules that would have forced it to expel imprisoned members. As a result it was delisted as a political party.
Suu Kyi, the 1991 Nobel Peace Prize winner, said after Friday's talks that she would discuss the issue of re-registering with senior party members based on political developments.
"We accept that an election is a part of a democratic system," she added.
Presidential adviser Ko Ko Hlaing told AFP earlier in September that the law that prevents prisoners from being party members could be revised.
Myanmar is now ruled by a nominally civilian government but its ranks are filled with former generals.
Suu Kyi has hailed signs of political change in Myanmar after almost half a century of military rule, but says it is unclear whether President Thein Sein will be able to carry through his reform pledges.
The labour minister said he also discussed the government's plans for another prisoner amnesty with Suu Kyi.
The government has not yet said whether the anticipated release would include any of the country's roughly 2,000 political detainees.
"We agreed to continue further dialogue," Aung Kyi added.
The meeting, which lasted more than an hour, was the third between the pair since the democracy icon's release from seven straight years of house arrest last November, shortly after the widely criticised election.
The opposition leader also met Thein Sein -- a former junta prime minister -- for the first time in the capital Naypyidaw in August.
- AFP/ls
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