Paris will host in 2024 and Los Angeles in 2028.
Los Angeles announced its intent to host the 2028 Olympics, paving the way for Paris to host in 2024 in a deal hailed as a win-win-win for both cities and the Olympic movement.
The award of the 2028 games makes LA the second city to be the home of the worldwide Olympics three times.
But the possibility that Los Angeles would abandon efforts to host the 2024 Games bid and instead accept to host in 2028 has been growing since the International Olympic Committee decided in July that it would attempt to announce the host cities of both Games at the Lima meeting.
"France notes the decision of Los Angeles to put forward its candidature for 2028 and to reach an agreement with the International Olympic Committee and Paris", a statement from Macron's office said.
Los Angeles, which was the host to the 1932 and 1984 Summer Olympics will be the place where elite sports men and women will congregate again.
Los Angeles took over as the official USA bid for 2024 after Boston withdrew in the face of stiff community opposition. While the U.S. IOC, ticket sales, and local sponsorships will cover some costs, there are expectations that LA might get federal support in security issues.
Paris had remained insistent on hosting in 2024, on the 100th anniversary of the city's 1924 Olympics.
When it hosts the Games in 2028, it will be the third time for Los Angeles.
The U.S. last hosted Summer Olympics in Atlanta in 1996 and Winter Games in Salt Lake City in 2002.