Liverpool captain Steven Gerrard will leave the club when his contract expires at the end of the season.
The former England captain, who made his Liverpool debut in 1998, will not move to another English club.
The Reds will make a statement on the midfielder’s future on Friday.
LA Galaxy president Chris Klein declined to comment on suggestions his club want to sign the Liverpool icon, who scored two penalties in the Anfield side’s 2-2 draw with Leicester City on New Year’s Day.
Gerrard has now decided to go public about his plans because he doesn’t want speculation about his future to become an unwanted distraction for Brendan Rodgers’ side during the second half of the season
Gerrard’s former Liverpool and England team-mate Jamie Carragher tweeted: “Sad day for Liverpool and English football with the Gerrard news.”
It was never a question of money for Gerrard, who has rejected a number lucrative moves to the likes of Chelsea, Real Madrid and Bayern Munich over the course of his career.
He remains the only player to score in the finals of the Champions League, UEFA Cup, FA Cup and League Cup.