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Trump has repeatedly proclaimed his innocence and accused Democratic President Joe Biden's administration of targeting him.
The player would be free to negotiate and sign a pre-contract agreement with a new club from January should he decide to see out the remaining year of his deal at PSG.
In a statement, his family said: "He will be greatly missed by those who loved him and his great ability to bring laughter and joy to so many."
The Los Angeles TGL franchise is part of the Ohanian family's growing sport portfolio.
The criminal case, brought by the US Department of Justice, amounts to another legal setback for Trump as he seeks to regain the US presidency next year
Lionel Messi has announced that he intends to join Major League Soccer side Inter Miami.
The major setback for the fans would be his absence in the Champions League.
The move is also a big win for MLS, which welcomed Messi while adding that work remained to finalise the details of the formal agreement.
The Argentine great, who is a free agent after parting ways with PSG, is expected to join the MLS side.
The French champion lost to Clermont 3-2 in the final league game of the season.