The EBF paddypower.com "National Hunt" Novices' Handicap Hurdle Final at Sandown on March 9 is the likely target for the promising Many Clouds.
Oliver Sherwood's six-year-old has finished first twice and second twice in four runs over hurdles, with his defeats having come against the high-class duo of Gevrey Chambertin and Up And Go.
"Whether or not he goes to Cheltenham will depend on his handicap mark, but his main aim at this stage is the EBF Final at Sandown the weekend before," said Sherwood.
"That was what we were talking about after his last win but I need to have a good chat with (owner) Trevor Hemmings and (racing manager) Mick Meagher.
"Either way, I can't wait until he goes over fences next season - that's what he was born to do."