The International Olympic Committee has announced which five cities will stand in the running to be selected hosts for the 2024 Olympics and Paralympics.

Paris, Los Angeles, Rome, Hamburg and Budapest have made the IOC's shortlist after submitting their applications before last night's midnight deadline.

"We are welcoming five outstanding and highly qualified candidate cities," said IOC President Thomas Bach. "Olympic Agenda 2020 has shaped the candidature process more as an invitation and the cities have responded by engaging with the IOC through dialogue and cooperation.

"In the new invitation process the IOC learnt that all the candidates are embracing Olympic Agenda 2020 from their respective vision for the future of their city. Sustainability and legacy are the cornerstones of each candidature."

The winning bid will be announced in Lima, Peru in 2017.