Reports had suggested that the former supermodel was leaving the reality show after a breakdown in her relationship with fellow mentor Jay Manuel.
The pair are said to be no longer on speaking terms following a number of spats.
It was also claimed that Banks wants to concentrate all her energy on making a success of her series The Tyra Banks Show.
However, her representative dismissed the reports, telling Us magazine: "The rumours about Tyra leaving and the fight with Jay are not true!"
The presenter was recently said to be "living in fear" after a man accused of stalking her was freed by a judge.