Fungi with 'soggy' base

Fungi with 'soggy' base

Observation - Fungi with 'soggy' base - Global. Description: Found in mixed woodland. The base of the stem looked soggy in the pictures and there seems to be a red larva of some sort (maybe not) hanging on?

Found in mixed woodland.
The base of the stem looked soggy in the pictures and there seems to be a red larva of some sort (maybe not) hanging on?