Beckham is currently on loan to AC Milan and the Italian giants are keen to make the move permanent.
The Rossoneri have had a £2.5million bid for Becks rejected, according to News of the World.
LA Galaxy boss Time Leiweke explained: “Milan understand the only way we do this is if the Galaxy benefits.
“If David’s in a position where he wants to finish the season in Milan, and Milan compensate the Galaxy so that we can suffer no damages to our fans or to our team, then we’ll take a look at it.
“We understand Beckham’s infatuation with playing on the world’s most popular club team right now.
“And we understand his trying to mentally get around the idea of coming back to play with a team that didn’t make the play-offs in MLS last year.
“So David and us actually are talking. But this is not a legal conversation and has never been a legal conversation. David has made it very clear that if our decision is to bring him back here, he will return. Period.”