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."
1 August 2015Mullins dominates Galway feature
Rebel returns at Galway
Harty looking forward to a good Day
'Overwhelmed' Hughes bows out
Legatissimo stamps class on Nassau
Magical Dettori top gun at Goodwood
No fairytale ending for Hughes
Stewards' glory for Magical Dettori
Legatissimo proves Nassau queen
Dart hits Goodwood bullseye
Fantastic Frankie takes right Steps
Latharnach could drop back in trip
McNamara eager for training career
Times targets Stewards' consolation
Hughes reflects on a golden career
Warrior books Ebor ticket
Muthmir makes amends
Hughes at his best on Bay
Mile proves golden for Beloved
Malabar stamps her class
Dettori guides Dubday to landmark
Charlton so Close to historic win
Diamonds ready to sparkle in Nassau
31 July 2015Pacy Muthmir rules in King George
Breizh bids for Galway glory
Pharoah Phan Phestival good to go
Jack's the lad in Galway Hurdle
Gosden salutes 'magical' Sir Peter
Laviniad gets up late in Corrib
Simple for Beckett and Bentley
Orange pips Goodwood rivals
Shalaa dazzles in Richmond
Relief for Hughes as Gibeon strikes
Cover up for Goodwood defence
30 July 2015Clown gets serious at Galway
Eddery aiming for Mile high
Fox finale for Hughes
Ivory unveils strong Stewards' team
Treacy sent for scans
Stars on show in Nassau
Lynam 'proud' of Sir Peter alliance
Tributes pour in for O'Sullevan
It's Shanahan's turn at Galway
Sir Peter O'Sullevan dies, aged 97
Kachy not for catching in Molecomb
No Sussex regrets for O'Brien
Solow flying high at Goodwood
Highland reels in Gordon rivals
Shalaa in top trim for Richmond
Dunlop excited by Trip to Goodwood
29 July 2015Fortune favours Twiston-Davies
Peacock pair vie for Galway glory
Moviesta gets King George go-ahead
Karakontie has Deauville date
Dog delivers for Mullins and Walsh
Tint proves Topaz jewel
Maguire back in the saddle
Blue back with a bang
Tough Toormore takes Lennox glory
All roads lead to Arc for Postponed
Logan shines for Kirby
Frankie grabs Gold at Goodwood
So seeking Sussex success