The Chargers will remain in San Diego for the 2016 season at least, chairman Dean Spanos has confirmed.
An agreement has been reached with the Los Angeles Rams for the Chargers to share a stadium in Inglewood, but Spanos is hopeful a deal can be arranged to keep the franchise in San Diego.
In a statement released on the Chargers' official website, Spanos said: "I decided our team will stay in San Diego for the 2016 season and I hope for the long term in a new stadium.
"I have met with Mayor [Kevin] Faulconer and [County] Supervisor [Ron] Roberts and I look forward to working closely with them and the business community to resolve our stadium dilemma. We have an option and an agreement with the Los Angeles Rams to go to Inglewood in the next year, but my focus is on San Diego.
"This has been our home for 55 years, and I want to keep the team here and provide the world-class stadium experience you deserve.
"Everyone on both sides of the table in San Diego must now determine the best next steps and how to deploy the additional resources provided by the NFL.
"I am committed to looking at this with a fresh perspective and new sense of possibility."
NFL commissioner Roger Goodell added: "We are very supportive of the decision by Dean Spanos to continue his efforts in San Diego and work with local leaders to develop a permanent stadium solution.
"NFL ownership has committed $300 million to assist in the cost of building a new stadium in San Diego. I have pledged the league's full support in helping Dean to fulfill his goal."
Earlier this month NFL owners approved the Rams' bid to move back to Los Angeles from St. Louis.