The three-time FA Cup winner was released by boyhood club Southampton at the end of his contract in June, having been unable to help keep the Saints afloat in the top flight.
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Southampton have announced the appointment of Russell Martin as their new manager on a three-year deal.
The 39-year-old was initially placed in temporary charge for the second time this season following the dismissal of Nathan Jones, just three months after Ralph Hasenhuttl was relieved of his duties shortly before the World Cup break.
Speculation over the 55-year-old’s future emerged on Sunday afternoon following the Saints’ 4-1 home defeat to Newcastle United in the Premier League – their eighth top-flight loss of the season – with one report suggesting that an announcement to relieve him of his duties could be made in the next few days.