Route based on physical NIC load and LAG on Physical Switch side?

I'm in an environment where I would like to change the Load Balancing from 'Route based on originating virtual port' to "Route based on physical NIC load' on the current vDS.  I asked the networking admin what is configured on the physical switch side and he said it was a LAG/port-channel.  One of the benefits of 'route based on physical NIC load' is there doesn't need to be any configuration done on the physical switch side.  However, in my situation, the physical switch is already configured.  Can 'Route based on physical NIC load' work if the two uplinks are connected to a switch with a LAG/port-channel?

Thanks,

Tanya