A new electronically-controllable lossless floating inductance (FI) circuit (without any matching condition) has been presented, which employs only one Voltage Differencing Current Conveyor (VDCC), one grounded capacitor and one grounded resistor. The main aim of the paper is to present a new floating inductance simulator using single active device with minimum passive components. The proposed floating inductance simulator can be electronically controllable by changing the bias current. The workability of the new presented FI circuit has been verified using SPICE simulation with TSMC CMOS 0.18 μm process parameters.