The Paul Nicholls-trained Kauto Star will be on parade at his Ditcheat base on Saturday despite his eclipse in the Cheltenham Gold Cup.
Winner of the race in 2007 and 2009, Kauto Star overcame a troubled preparation to take his place in the line-up.
However, the 12-year-old was pulled up after nine fences as Ruby Walsh was not happy with him.
Owner Clive Smith admitted he was relieved to see his star performer return home unscathed.
"He's fine this morning and we're going to have a bit of parade at the yard this afternoon so I will be seeing him then," said Smith.
"I'm slightly on a bit of a high today as I'm just relieved that nothing went wrong on the track and he's back safely.
"Obviously it would have been nice to win, but that's racing and we're just pleased that he's fine."
Smith felt the schooling fall that Kauto Star suffered at home three weeks ago had been responsible for his below-par effort and he will not rush any decision on retiring the horse.
"We have agreed that we will just see how he is before we make any decisions," he added.
"You have to remember he did have that fall at home and while it was only minor, it was a twisting fall, he fell on his nose and landed on his right flank.
"Although he's had plenty of physio over the last few weeks, we always said there might still be something inside that we couldn't see and we wouldn't really know until the race.
"When he overstretched at the water, he just felt a pain, which was always the risk, and Ruby pulled him up.
"We will just wait and see how he is now and have a good talk about the future."