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 March 2015High hopes for Meade Festival team
Cooper seeks Cheltenham riches
High hopes for Meade Festival team
Lemaire in hot water in Japan
Reckless camp consider Arkle bid
Super set for National Duty
Longsdon retains Joe faith
Nolan hoping Noble makes cut
Camping in line for Cup bid
Bin Suroor tribute for Cavalryman
Vautour excites Mullins in workout
Elliott posse work at Leopardstown
Geraghty confirmed for Master
Wayward back on right track
Investment gains Greatwood gold
Bal win delights connections
Glinger burns off Kelso rivals
Pipe proves he's a Soll man
Geraghty shines on Leave It
28 February 2015Festival plans fluid for Cyclone
Walter back for another victory
Irish pair do battle in France
Geraghty: Sprinter will be fitter
Wylie lines up Cheltenham team
Twiston-Davies Blak in business
Divine Bishop on Festival trail
Irish duo set Doncaster poser
Night riding high for Grimthorpe
Glingerburn facing another battle
Pipe targets Aintree with veterans
Carlito primed for Kelso return
McCoy not planning Festival goodbye
Bridge camp praying for rain
Cook suspended from riding
27 February 2015Golantilla in Ballsbridge bid
Safety strikes in Zabeel Mile
Fehily confirms Zarkandar mount
Lieutenant bosses Purcell rivals
Dettori delights on Dubday
Many Clouds goes back to school
Maguire loses appeal
New One at ease for Faugheen clash
Foxrock still in Gold Cup picture
Apache ready to take flight in JLT
26 February 2015Higgins back in business
Cookie poised for April return
Silvi threat unsettles Riches camp
No going concerns at Cheltenham
Fry resigned to Fehily Ruby loss
Trip key to Balder success - King
McLernon gets nod for Holywell
Salsify leads Foxhunter field
Mullins unveils Bumper entry
Curtis hoping for Cross revival
Aurore misses Mares' date