Goosen was voted the French Top 14's best player of last season after helping Racing win the domestic title and reach the European Champions Cup final
He is returning to South Africa to take up a role as a commercial director, Racing said.
Goosen, who moved to France in 2014, has played 13 times for his country and started at fullback in their last test against Wales in November.
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(Reporting by Ed Osmond; Editing by Toby Davis)
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