The 2005 Ashes hero ??? who played in 79 Tests for England – came out of retirement last summer and played in three NatWest Twenty20 Blast matches for the county ??? including the final.
He then went on to play for Brisbane Heat in the Big Bash.
But Giles has confirmed that he will not be part of the Lancashire squad in 2015.
Giles told BBC Radio Lancashire: “We’ve agreed the best way forward is for ‘Fred’ to concentrate on the non-cricket stuff he’s doing.
“He’s always welcome here but I don’t see him playing.”