Rumours have been circulating that former Labor leader Mark Latham will make a return to politics.

On Monday, Latham announced he’d cut ties with the Liberal Democrats party after they couldn’t guarantee he would be part of their election lineup.

The former Labor leader had been a Liberal Democrats member for 16 months, but that is no longer the case.

Latham’s decision to step away from the party fuelled rumours he may run for One Nation at the next federal election.

One Nation’s leader Pauline Hanson has denied the speculation.

Latham is setting the record straight, telling Ben Fordham he isn’t ruling out a political comeback.

“The Liberal Democrats have got a national executive that’s debating a potential role for me for quite some time and a couple of members there said, ‘Look this thing is such a mess internally, we’re supportive of you but we think you’re a better chance of running in a different party or under a different guise’.

“You know, I’m thinking about that and trying to work things out.”

Click PLAY below for the full interview

But the Outsider says he’s got plenty on his plate and running for political office isn’t a top priority.

“I’ve got to say, the biggest thing on my plate at the moment is not running for political office but trying to sort out the court judgment that I faced in that Faruqi defamation case… last Thursday which is a bit of a headache for me.”

Mark Latham responds as his ‘extraordinary’ defamation defence is struck out