Will Sharad Pawar be the new face and head of UPA?

As per speculations, Sharad Pawar may be elevated to the position of UPA Chief and hence become the face as well. It is being told that a new coalition is taking baby steps on the national front as well post huge success in Maharashtra.  When the members of five opposition parties went to meet President, the news of Pawar taking up the huge responsibility started floating everywhere

On the other hand, both Congress and NCP have denied any such speculations.