Abstract-We propose a new topology based on a semilumped complex impedance transformer for the design of a frequency tunable three-port power divider. A prototype has been realized in a hybrid technology with commercially available varactor diodes. Our design is based on an impedance transformer in the input branch (with electrical length of 20.4°), and a loop in the output branches (with electrical length of 2x24°). This leads to a miniaturized device, more than two times shorter than a classical Wilkinson power divider. This divider can be tuned over ±30% around 1.35 GHz (from 0.95 GHz to 1.75 GHz) with insertion loss lower than 0.3 dB, return loss better than 20 dB and isolation between the two output ports better than 20 dB. Moreover, the low-pass behavior of the input impedance transformer leads to a good rejection of the second harmonic.