Rusty Wallace told ESPN on Monday that he turned down an offer to drive for Richard Childress Racing next year.
"I'm retired and am a broadcaster now," the ESPN motorsports analyst said.
Foxsports.com reported Monday that Wallace "still has the bug" and that Richard Childress Racing was interested in hiring him to drive for the team in 2008.
"Rusty Wallace is not an option for our fourth Cup team. He is not on our list," Richard Childress told ESPN on Monday. "There was never anything that went anywhere with trying to do anything with him. We never went down that road."
Wallace, who retired from racing in 2005, joined ESPN as a racing analyst in 2006.
He won 55 Cup races in his 22-year career and was the Winston Cup series champion in 1989.