Dallas owner Jerry Jones says that is not true even though the statement Romo read on Tuesday hinted that his tenure as the team's quarterback was over.
"It's not a goodbye," Jones told reporters on Thursday. "I think Tony has got five years left of really competing for a Super Bowl. I believe Tony will be the quarterback on a Super Bowl team. I believe that strongly. We're talking generic now, and I have no plans for him not to be part of the Dallas Cowboys. Not a consideration."
Time will tell and financial considerations could soon come into play. Romo is under contract through 2019 and he is slated to make $14 million next season while counting $24.7 million against the salary cap.
That's a ton of cash for a backup quarterback, but Jones said he sees Prescott and Romo being together for the long term.
"It's very tenable for me to see on a long-term basis us being strong at quarterback," Jones said. "That's where we are with these two."
Prescott became a starter after Romo suffered a compression fracture in his back in a preseason game on Aug. 25.
Prescott, a fourth-round pick, has exceeded all expectations while leading the Cowboys to an 8-1 record. He has passed for 2,339 yards and 14 touchdowns, and has been intercepted just twice in 280 pass attempts entering Sunday's game against the Baltimore Ravens.
Jones was impressed with Romo's lengthy statement on Tuesday in which he said he was accepting that Prescott was the starter and would not become a distraction to team.
He thinks Romo has fully bought in to the situation and will be ready to play if necessary.
"He is turning it on," Jones said. "What you saw the other day in my mind was him turning it on. He is vested completely in being a part of a winning team. He has made that real clear. He wants to do any and everything he can do. The old adage, if we asked him to be the water boy, he wants to drown them with the water."