The NFL officially approved the relocation of the team, who had been based in Los Angeles from 1946 to 1994 before moving to St Louis the following year, last week.

The Rams, who won their only Superbowl in 1999, decided to leave Los Angeles in 1995 due to concerns over the recession which had hit the city, as well as falling attendances and the lack of a new stadium.

They are due to begin playing matches in Los Angeles from the start of the 2016 season.

The Los Angeles Rams look set to move into a brand-new, state-of-the-art stadium in the Inglewood area of the city in 2019 which could become the most expensive sporting venue in the world.

It has been reported the stadium, designed by architectural firm HKS, will be covered with a transparent roof and will have seating for between 70,000 and 100,000 spectators.

The estimated cost of the venue currently stands at $2.6 billion (£1.8 billion/€2.4 billion).

The arena will be privately financed and provides another boost to the sporting infrastructure in Los Angeles, and could be used for the 2024 Olympics and Paralympics should the city be chosen as the host city by the International Olympic Committee at its Session in Lima in September 2017.

“The best sports city in America just got better,” Wasserman said.

“On behalf of LA 2024, we are thrilled to welcome the news that the NFL's Rams will be returning to Los Angeles and playing in a brand new, state-of-the-art stadium in the 2019 season.

“The Rams and their elite facilities will be another asset to LA’s already world-class sports portfolio, and another demonstration that Los Angeles offers compelling sporting and commercial opportunities.

“It is for good reason that LA is home to ten professional major league teams and over 1,000 Olympians and Paralympians.

“The wealth of existing and planned infrastructure in the City of Angels means LA 2024 has the luxury of selecting the best choices for the Olympic and Paralympic Games, not building them from scratch.

“And the new NFL stadium represents an opportunity to add to the array of high-quality venues we already have in our Games Plan.”

Wasserman’s comments come after Los Angeles 2024 signed a Memorandum of Understanding with the Los Angeles City Council, underlining the commitment of the Bid Committee to privately fund the candidature process rather than using public money.

Los Angeles will go up against European rivals Budapest, Paris and Rome for the rights to host the event.

If Los Angeles is successful, they will become only the second city after London to host the Olympics three times, having previously staged the Games in 1932 and 1984.