Josh Frydenberg has put an end to rumours of his political comeback, amid criticism that his return would mean a female Liberal candidate would potentially be turfed out of the contest for the seat of Kooyong.

Former treasurer Josh Frydenberg says he is not rushing back into politics and supports the candidate his party has chosen to contest his former Melbourne seat, after controversy swirled around the Liberal Party and its treatment of female candidates.

Last week, the ABC reported that Frydenberg was mulling a return to politics after draft redistribution changes shifted the margins of his old electorate, making Kooyong more winnable for the Liberals.

But the Liberal Party had already picked a candidate to contest the seat: 31-year-old Amelia Hamer was pre-selected for the Melbourne seat in late March.