The terms of the deal were not immediately known, but more details about the deal are expected to be announced at a private unveiling on Monday inside the arena.
New "Kia Forum" signage is already up confirming the name change.
READ MORE | Staples Center officially becomes Crypto.com Arena as Lakers prepare to take on Nets
Staples Center officially becomes Crypto.com Arena today
This is the second local venue to get a name change in the last few months.
Crypto.com purchased the rights to Lakers' Staples Center.