The Raiders' lease on their current home, O.co Coliseum, expires following the 2014 season leading to speculation the team could be on the move.
On Tuesday, Davis told the San Francisco Chronicle his discussions with San Antonio were serious, but he hasn't closed the door on finding a solution in Oakland.
"It was a serious conversation," Davis said. "I don't waste my time just having meetings. But we continue to try to get something done in Oakland."