The city of Los Angeles has agreed to host the Summer Olympic Games in 2028 instead of 2024, the mayor's office and LA 2024 officials confirm.
The deal will bring the Olympics back to the Southland for a third time since 1984 and 1932.
News of the agreement opens the door for Paris to host the 2024 Olympic Games.
MORE: IOC to pick LA, Paris for 2024, 2028 games in September
L.A. and Paris were the two remaining bidders for the 2024 Summer Games, but International Olympic Committee members had been divided since visiting both locations this year.
MORE: LA 2024 releases renderings of proposed Olympic venues
An official public announcement from L.A. Mayor Eric Garcetti is expected to be made at a 5 p.m. news conference, city officials said.
PHOTOS: LA lights up to help lure 2024 Olympics
LA lands deal to host 2028 Summer Olympic Games