A statue was unveiled at Haydock racecourse on Saturday morning in honour of Kauto Star.
The Paul Nicholls-trained chaser retired on October 31 after an astounding career at the highest level.
Kauto Star won the King George VI Chase at Kempton a record five occasions and the Cheltenham Gold Cup twice.
He was also successful in Haydock's Betfair Chase four times, including when he came back from the brink of retirement last season to inflict an eight-length defeat upon Long Run.
The half-life size statue of Kauto Star was created by sculptor Will Newton, who is based in Somerset, close to Nicholls' Ditcheat yard.
Nicholls and Kauto Star's owner, Clive Smith, were in attendance at the unveiling ceremony - alongside the horse himself.
"He's in as good a shape as ever," said Nicholls.
"We're very happy we retired him at the top when he was in such good shape. It was a hard decision (to retire him) but it was the right decision. He needs to be doing something active, but we've got to have discussions with Clive to see what we do from Christmas onwards. He needs to be kept safe and he needs a good rider on him. We've got to make the right plan for the horse."
Smith said connections have investigated the possibility of Kauto Star embarking upon a dressage career.
He told the Morning Line: "He's been outstanding for us. The peak of his career is winning a Gold Cup, but you can never quite take away the emotion when he won here a year ago. It (Haydock's statue) is a great honour for the horse. I'm very pleased it has happened - I'm very proud. We're looking at the possibility of dressage. He's a very intelligent horse and he's very athletic."
11 March 2014Injured Maguire making progress
Present and correct for Snowden
Midnight express steams to NH glory
Six of the best for magical Quevega
Henderson hails Harrington win
Classy Conor loses life
Jet-propelled Jezki takes Champion
Holywell repeats Festival dose
Warhorse wins Arkle battle
Vautour storms to Supreme success
No track worries for Sire team
Mullins to field three in JLT
Ferof features in Ryanair dozen
Leading duo top World field
Last and First in Gold frame
Injured Maguire out of Festival
Judgement day beckons for Fly
Curtis wants Scholfield for Tea
Que takes aim at Festival landmark
Irving strives to rule Supreme
Champagne in sparkling form
Sire spearheads Queen Mother entry
Confidence behind Conor
Special One bids for Champion glory
10 March 2014Maguire airlifted to hospital
Clouds lined up for RSA
Gold hopes fading for Topper
Ruby ready to Rock
Suspensory problem sidelines Chris
Mullins 'very happy' with Fly
Cooper raring to go after fall
National glee for supersub Mullins
Francome fancies New One revenge
Quinn targets another Triumph
Buck's primed for World title bid
Cheltenham team monitor ground
Fenton delays Instalment call
Activial to duck Festival mission
Hope springs eternal for Encore
Fab Fly takes on eight in Champion
9 March 2014Fall leaves Cooper 'badly winded'
Cooper warms up with double
Cooper warms up with double
Avenue roads lead to Irish Oaks
Dude's the main man
Top trainers reject watering
Hinterland takes Champion test
Baltimore sets up bonus bid
Warrior wins Trial battle
Fallon hits Meydan heights
Chartreux bounces back to best
Brave Vic has Final word
Soumillon strikes on super Shea
On His Own joins Gold Cup field
8 March 2014Queally hits Sandown target
Briar tops Bartlett contenders
Calipto leads Triumph hopefuls
Ginge fires burn brightly for Neild
Creek forced out of Gold Cup
Milan targeting Final glory
McCoy to miss Sunday and Monday
Exchange rate pays dividend
Temps doubtful for Festival
Conor settles in at Cheltenham
De Bromhead sweet on Special
Epsom to honour St Nick
Mullins dominates JLT entries
Al and Dynaste top Ryanair field
Big two lead World possibles