UPDATE: In an updated statement to ET, the sandwich chain announced that they would end their relationship with Jared after federal officials raided his home early Tuesday morning.
"Subway and Jared Fogle have mutually agreed to suspend their relationship due to the current investigation," a Subway spokesman said in the statement. "Jared continues to cooperate with authorities and he expects no actions to be forthcoming. Both Jared and Subway agree that this was the appropriate step to take."
After both the FBI and Indiana State Police raided Jared Fogle's home early Tuesday, Subway released a statement to Entertainment Tonight regarding its spokesperson's recent run-in with law enforcement.
"We are shocked about the news and believe it is related to a prior investigation of a former Jared Foundation employee," the statement reads. "We are very concerned and will be monitoring the situation closely. We don’t have any more details at this point."
NEWS: Subway Spokesperson Jared Fogle's Home Raided by FBI and Indiana State Police
The "prior investigation" Subway could be referring to is the May arrest of Russell Taylor, the executive director of the Jared Foundation, who was taken into custody in Indianapolis on federal child pornography charges.
The U.S. Attorney General's office would not confirm if the search of Fogle's Zionsville, Indiana, residence is directly related to Taylor's arrest. An evidence truck was seen parked outside the TV personality's driveway and Fogle was seen with authorities.
Meanwhile, Fogle's attorney, Ron Elberger, released the following statement to ET.
"Jared has been cooperating, and continues to cooperate, with law enforcement in their investigation of unspecified charges and looks forward to its conclusion," the statement reads. "He has not been detained, arrested or charged with any crime or offense."
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Fogle and the Jared Foundation -- which raises awareness about childhood obesity -- have said they've severed all ties with Taylor.