The club said in a statement on Monday afternoon that it was considering its position in light of the latest development, but would make no further comment.
The AFL also acknowledged it had been notified of the 27-year-old's charge.
Lovett is accused of raping a woman in Port Melbourne in the early hours of December 24 last year. He will appear in the Melbourne Magistrates Court this Friday.
A police investigation was immediately launched after the alleged incident, and St Kilda followed soon after by indefinitely suspending Lovett, who has not trained with the Saints since.
Subsequently he took the case to the AFL’s grievance tribunal.
Lovett signed a three-year deal with St Kilda in October when he was traded from Essendon for pick 16 in the NAB AFL Draft.
In November last year, just six weeks after joining the Saints, he was arrested for being drunk in a public place.
The Saints have been closely guarded about Lovett’s future since the police investigation was launched.
At the Saints’ recent community camp in Dromana, coach Ross Lyon said the serious nature of the allegation meant the club had to tread warily.
“We’re acutely aware and painfully aware there is an alleged female victim in this and clearly as a professional player that is under investigation for a serious sexual assault,” Lyon said.
“For me to go anywhere near this, I could prejudice or really not show the correct sensitivity to either person. So I’m really happy to leave that alone and you (the media) will respect that we shouldn’t go anywhere near that.”
Lovett was moved on by Essendon after a chequered history with the club.
He played 88 matches in five seasons for the Bombers, where he was twice suspended in 2008 for off-field indiscretions.
In 2006, Lovett’s ex-girlfriend Kimberley Watson was granted a court intervention order after accusing him of locking her in a car and repeatedly beating her.
Lovett was later fined $500 for breaching the court order after approaching Watson in a Melbourne bar.
