Ponting said he had been told by selectors that he did not fit into their future plans for the one-day team, but he was not retiring from Test cricket.
“I still have what it takes to be a dominant player,” Ponting told a press conference at the Sydney Cricket Ground.
“I still don’t see a finish line for my cricket career. The passion for international cricket has not died for me at all.
“I don’t expect to play one-day cricket for Australia anymore.”
World Cup winner Ponting was Monday dropped from Australia’s one-day team after a dismal run of form in the tri-series against India and Sri Lanka.
Chief selector John Inverarity said Ponting, the second all-time leading run-scorer in ODIs, had been dumped because of a lack of form after just 18 runs in five tri-series knocks.