The San Antonio Spurs will not be moving, says owner Peter J. Holt, staying in the city "por vida".

The Spurs moved from Dallas to San Antonio in 1973 and have remained there ever since, winning five NBA titles during Gregg Popovich's hugely successful tenure as coach.

However, fans have grown concerned by the latest rumours of potential relocation, ignited by the team's application to play two home games a season in Austin.

The Spurs reportedly defended the move, saying they want to expand their brand by hosting games at the Moody Center. Their G League team already play in Austin.

Holt sought to set the record straight on Tuesday, when the Spurs posted a statement from their owner on Twitter.

"Dear San Antonio," Holt wrote. "I love you. I love this city. A big city with a casual small-town feel and a great basketball team.

"I want to reassure you that the Spurs are in San Antonio to stay."

He added: "There are no Spurs without the city and the people of San Antonio. Your team, our team, together we are the silver and black.

"Spurs fans – we are here to stay. Por vida [for life]."