"I will be playing my final two matches with Milan and will continue my career in the MLS," Giroud said in a TV interview.
"I'm very proud of what I've achieved at Milan in the last three years. My time with Milan might be finishing this year but the club will remain in my heart."
LAFC is expected to formally announce the signing later this week.
On Monday, LAFC also announced it has hired Neil McGuinness as the first technical director in team history.
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