Landon Donovan re-signed with the Galaxy on Wednesday. ((Otto Greule Jr/Getty Images) )

The Los Angeles Galaxy announced Wednesday that it has signed Landon Donovan to a new four-year contract and that he will be allowed to pursue opportunities to join a foreign club on a short-term loan agreement.

Donovan has been in talks about a loan move to Everton that would give him experience in the English Premier League in the run up to the World Cup.

The loan would put the U.S. forward on the same team as U.S. goalkeeper Tim Howard and allow him to play against many of the players for England who he will face in South Africa next June.

"Everton football club have been in ongoing discussions with the MLS and we remain hopeful that Landon Donovan will join Everton in January," Everton spokesman Mark Rowan said.

Donovan would return to the Galaxy before the start of the 2010 MLS season in late March.

Donovan's new contract runs through the 2013 MLS season.