The deal was first reported by The Vertical.
His two seasons with Cleveland were relative opposites. In 2014-15, the 7-foot-1 center averaged 10.6 points and 6.9 rebounds in 46 games. He started all 20 games during the postseason, in which Cleveland lost to the Golden State Warriors in the NBA Finals.
This past season, Mozgov saw his role significantly reduced. He averaged 6.3 points and 4.4 rebounds during the regular season and just 1.2 points in 5.8 minutes during the postseason, which saw him play a combined 25 minutes in the Cavs' seven-game Finals win over the Warriors.
LeBron James tweeted his congratulations to Mozgov on Friday.
Congrats to my brother Big fella Mozzie on the deal with the Lakers!! Enjoy LA. Dinner on you— LeBron James (@KingJames) July 1, 2016
Mozgov turns 30 on July 16.
Information from ESPN's Ohm Youngmisuk was used in this report.