The erstwhile Ukip leader was rumoured to be thinking of running if a by-election is held in Peterborough.
The city’s Labour MP Fiona Onasanya is due to stand trial over allegations she lied about who was behind the wheel of a speeding vehicle.
Ms Onasanya, who beat pro-Leave Conservative Stewart Jackson at the 2017 General Election, denies the allegations.
But the MEP told the Daily Telegraph: ‘The idea that I’m going to stand in Peterborough is utter rubbish.
‘I’m not thinking of standing anywhere else… In terms of standing in by-elections I’ve never even suggested it.’
Mr Farage has contested seven elections to UK Parliament, most recently in South Thanet in 2015 where he came 2,812 votes short of Conservative Craig Mackinlay.
He said last month he would return to full-time campaigning if the Brexit process is not ‘back on track’ by March next year.
It comes as new polling has suggested that unoccupied political ground on the right could see Ukip make a staggering comeback.
With the party languishing at around 1% in the polls since the Brexit referendum, the right-wing party has already seen something of a surge following Theresa May’s disastrous Chequers proposals.
A YouGov poll has now found that large portions of the population feel disenfranchised and unrepresented – which could result in a drift to Ukip.
Nearly two fifths of Brits surveyed in the poll said they felt the justice system is not harsh enough and that none of the major parties share their view.
The poll also found that 16% of people feel that immigration restrictions should be tighter.
Mr Farage warned Tory MPs who did not support Brexit that he would ‘make damn sure in that situation that you all lose your seats’.
He added: ‘There are millions of Conservative voters very unhappy indeed.’