Partial transmit sequence (PTS) is a well known technique used to reduce the peak-to-average power ratio (PAPR) of an orthogonal frequency division multiplexing (OFDM) signal. However, it has relatively high complexity due to the computation of multiple inverse fast Fourier transforms (IFFTs). To reduce this complexity, we use intermediate signals within a decimation in frequency (DIF) radix IFFT and propose a new PTS subblocking technique which requires the computation of only partial IFFTs. Performance results are presented which show a PAPR reduction similar to that with other techniques such as original PTS (O-PTS). Further, we show that complexity reduction can be achieved with either low or high radix IFFT algorithms.