Outgoing Turkish President Gul said 'As far as it seems, Foreign Minister Ahmet Davutoglu will take over as prime minister'
Republican People's Party deputy group chairman Muharrem Ince has announced his intention to stand for the leadership of the party.
Main opposition CHP to meet on September 5-6 in an extraordinary meeting to decide future leader following the presidential election loss
Erdogan said the party's central executive board would meet on Aug. 21, when the name of the new AKP chairman and future prime minister would be announced.
Following disappointing results in Sunday's presidential elections, the chairman of the Republican People's Party has agreed to hold a congress to discuss his leadership.
"Our target should be to acquire at least a majority to establish the new constitution. I don't believe that you will compromise on this," he said.
Ali Sarıkaya's appointment as chief advisor to the Prime Minister indicates that Ahmet Davutoglu is likely to take over as premier from Recep Tayyip Erdogan.
President-elect Erdogan says it is "natural" for outgoing President Gul to come back to ruling AK Party - which Gul and Erdogan helped found - after his term ends this month.
CHP leader Kemal Kilicdaroglu is now under pressure to step down following a string of defeats to the ruling AKP and failure to get his candidate Ekmeleddin Ihsanoglu elected as president.
Following the election of Prime Minister Recep Tayyip Erdogan to the presidency, the ruling party will elect his replacement as prime minister on August 27.
The Parliamentary Assembly of Turkic-Speaking Countries' delegation reported on election findings.
Turkish President Abdullah Gul signalled a return to politics after his term expires on Aug. 28, saying he would play a role in the ruling AK Party he co-founded with prime minister and president-elect Tayyip Erdogan.
After Turkish Prime Minister Recep Tayyip Erdogan's victory in the presidential election held on Sunday, the ruling Justice and Development Party are in search of a replacement.
In the coming weeks, Erdogan will for the last time chair meetings of the ruling AK Party he founded and oversee the selection of a new party leader
With 98.65 percent of the overseas votes counted, Erdogan has won 62.51 percent of the vote, according to unofficial results.
Turkey's Erdogan thanks supporters for electing him as Turkey's 12th president in his "balcony speech," adding national will and democracy won in Sunday's elections.
Army's influence, secular judiciary's controversial decisions forced ruling party to push for 2007 referendum providing for direct election of country's president.
Turkey's 11-year Prime Minister Recep Tayyip Erdogan became president at the end of August 10 elections
Recep Tayyip Erdogan is in first place with 52 percent, as nearly three fourths of eligible voters turn out to choose Turkey's first directly elected president
World Bulletin, its Turkish and Arabic sister websites will report Turkey's historic presidental elections in three languages
Erdogan favorite as millions of Turks head for polls in country's first election of president by popular vote.