Ranjaan is set to have one more run in February before conncetions decide on his target at the Cheltenham Festival in March.
Trained by champion trainer Paul Nicholls, the four-year-old was beaten on his hurdling debut at Newbury and then fell on his next appearance at Doncaster.
But he looked all class when winning at Kempton over Christmas and he is prominent in ante-post lists for the Triumph Hurdle.
"There are no immediate plans for him as like a lot of horses at this time of year, he's had his flu vaccination and he's just been having an easy time since Christmas," said Harry Herbert, racing manager for owners Highclere Thoroughbreds
"Paul was thinking of getting him back on track in February some time with the hope that he will then end up at Cheltenham.
"Whether that will be for the Triumph Hurdle or the Fred Winter, time will tell and a lot will depend on his next race, obviously.
"We were thrilled with him at Kempton and I think he's a horse who is improving all the time and hopefully there is a lot more to come.
"On his first run at Newbury he was very rusty and sluggish, but he's sharpened up a lot since then.
"Hopefully he's a horse with a big future and he should make an exciting chaser. It's been an exciting start to his career, so hopefully that continues."