The Lions of the North last week Tuesday announced the appointment of Gordon Igesund as Freese's successor with immediate effect.
As revealed by KickOff.com, the former Platinum Stars mentor was to be handed a new role elsewhere within the club's ranks, and he has since been tasked with overseeing their development structures.
"Yes, I have accepted a new position in the academy now," Freese tells this website.
"I am still around the club and I hope to produce many good players for the club."
Igesund, meanwhile, lead the team to a 2-0 victory over Chippa United in their Last 16 clash last Friday in what was his first match in charge.