Danza said he mounted a personal effort to find a station to air his show in New York next season, but with no deals on the horizon, chances of a third season looked dim, TVWeek.com reported.
"We are going to finish real strong and enjoy what we have left," he said.
The New York and Boston stations currently running "The Tony Danza Show" announced in December they would run the new talk show, "Rachel Ray," in its place next fall.
Buena Vista Television released a statement in response to Danza's comment Friday saying the program would remain in production for the balance of the 2005-06 season.
Danza's show has consistently been at the bottom of the talk show ratings list throughout the current season, TVWeek said.