The 29-year-old USA international has just completed a two-month loan spell at Goodison Park, his second such stint with the Merseyside outfit.
Donovan impressed during his initial spell in England and he has only enhanced his reputation during his most recent loan.
The American ace admits he would love to join the club on a permanent deal but insists he would not leave the Galaxy until his deal with them was over.
"It would be hard to go to any other club now so if anything were to happen I would imagine it would be here at Everton," Donovan told Reuters.
"I know for sure this year I'm going back to LA but we'll see.
"My commitment is for two more years to the Galaxy and we'll see what happens after this year but I would obviously welcome the opportunity to come back."
Donovan insists that he will still have plenty to offer, even when his current deal with Galaxy expires.
"There is no question that as you get older your desirability to European clubs diminishes," he said.
"But I still think I can perform at a high level and I think that if guys are doing it at 36, 37, then I hope I can still be doing it at 32, 33."