The legendary golfer, 48, has not played competitively since missing the cut at the British Open in July.
At Royal Troon, Woods revealed he was looking forward to playing at December’s Hero World Challenge in The Bahamas.
However, the 15-time major winner confirmed he will not tee off in Albany next week – although he did not give a reason.
Woods tweeted: “I am disappointed that I will not be able to compete this year at the Hero World Challenge, but always look forward to being tournament host.”
Woods was left off the initial player field list last month.
But he was expected to be given one of the three exemption spots for the unofficial event featuring 20 of the world’s biggest stars.
Now, though, Woods has declared himself out of the playing field and will instead only host the event.
Two-time major winner Justin Thomas, former PGA Championship king Jason Day and 20-year-old rising talent Nick Dunlap received the exemption places for the prestigious tournament from December 5 to 8.
World No1, Olympic gold medalist and defending champion Scottie Scheffler heads the star-studded field.
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