French stayer Dunaden is unlikely to defend his Melbourne Cup crown with a decision about his immediate racing future expected to be made on Tuesday.
Options for Dunaden's end-of-year campaign have been left open to include a return trip to Australia or a start in the Prix de l'Arc de Triomphe.
But David Redvers, racing manager for Dunaden's owner Sheikh Fahad Al Thani, believes France's 2400m weight-for-age Classic, is firming as the stayer's main 2012 target.
"I'll have a conversation with Sheikh Fahad tomorrow morning," Redvers, speaking from Europe, told Melbourne radio station RSN.
"He is actually in Melbourne at the moment, but he's going to call me and we're going to decide one way or the other which way we go then.
"As it stands at the moment, my hunch is the Arc is the probable outcome."
Dunaden left his camp with unanswered questions with his sixth place in the King George VI and Queen Elizabeth Stakes at Ascot at the weekend.
He raced on the pace for Australian jockey Craig Williams and did well under the circumstances to finish less than four lengths behind the winner Danedream.
"We really needed the King George to show us one way or another whether he's really got the class and the speed to cope with the top mile-and-a-half horses in Europe," Redvers said.
"He showed in the Hardwicke that he was there or thereabouts. We hoped to get a clearer picture yesterday, but we didn't because the race couldn't have been run worse to suit him.
"We hoped the race would show us precisely where we were going to go, but in the end it was just a non-event for the horse, so it's a bit disappointing in that result."