Lawrie McMenemy, the Southampton director of football, said: "We have stood by Bruce during his contract, which is up at the end of June. He has been a magnificent servant and a great professional."
Grobbelaar, who denies the match-fixing allegations, is due back in court in January.
West Ham United are set to sign the Portuguese international Paulo Alves in a pounds 1.5m deal. The Sporting Lisbon striker will fly to London on Tuesday to sign a three-year contract worth around pounds 5,000 a week.
Bayern Munich yesterday confirmed the pounds 3.5m signing of Mario Basler, the German international midfielder, from Werder Bremen.
Liverpool's chief executive, Peter Robinson, has written to Manchester United to apologise for the incidents at the end of the FA Cup final, when Eric Cantona was spat at and Alex Ferguson punched.Reuse content