"They were happy with me that I was loyal to the club, that I kept things running and they expressed that they were grateful."
But a statement on Southampton's website made it clear that the club's gratitude did not extend to keeping Wotte in his role.
"Our decision is part of a wider strategic plan being implemented to improve all aspects of the club's operation, both on and off the field.
"In keeping with this plan we can confirm that the search for a new manager has already begun.
"Our search will be conducted in a systematic and professional manner. We will find the right candidate, who will fulfil the criteria necessary to move the club forward."
Wotte recently turned down a job in Egypt to remain with the Saints, despite the uncertainty over the future of the St Mary's club.
Saints had faced a race against time to find a new buyer after front-runners the Pinnacle group, which included Saints legend Matt Le Tissier, pulled out on Tuesday.
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