He was rushed to hospital in an ambulance from the scene in Southampton city centre in October.
The cyclist has since made a gradual recovery with Austin regularly checking on his health.
Cops launched an investigation into the incident and took a statement from the player earlier this month.
The £4million star has not been arrested though road traffic accident investigations can take months before a driver is summoned to court.
Austin signed for Southampton for £4million last yearPA:Press AssociationAustin showed off his Porsche Macan GTS on social media in August last yearTwitterAustin, 27, has not played since dislocating his shoulder on December 8AP:Associated Press
He has described the accident as "extremely regrettable" and said he has "co-operated fully with the police in their investigation of the accident."
Austin said in a statement to the Sun: "In late October 2016, I was driving in the city centre of Southampton and had stopped at traffic lights at a junction.
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"I moved forward when the lights turned green and it was at that point that a cyclist unexpectedly came across my path and a collision occurred.
"Following a police investigation of the accident, I provided a statement to the Hampshire Constabulary in early 2017 to give them my version of events."
Austin has scored nine times in 19 Southampton appearances this seasonGetty Images
In 2013 Austin was found guilty of a nightclub assault and fined £1,800 with another £1,320 in costs.
He had punched Sam Webb, 20, in the face in Bushwackers nightclub in Swindon while with his wife Bianca Parker.
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