By Jojo Doria

Los Angeles, CA

Soccer superstar David Beckham will remain with the Los Angeles Galaxy after reportedly agreeing to a two-year deal, a source close to situation disclosed Tuesday.

Paris Saint-Germain President Nasser Al Khelaifi said Beckham backed out of a lucrative deal with the French league team and decided to stay in Los Angeles.

"David Beckham is not coming," Al Khelaifi told Los Angeles Times Tuesday. "We feel a little disappointed. But both sides agreed it would be better that we not do the deal ... maybe in the future."

PSG strongly pursued of Beckham these past weeks, offering him a salary not less than $10 million per season.

However, Beckham and his family have reportedly developed a strong bond with L.A., making the soccer sensation decide to stay put.

With Beckham's expected return, the Galaxy once again retained their championship winning core and emerged as the favorite to win their second straight MLS Cup.

Beckham Loves L.A.: Soccer Star to Remain with Galaxy