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Trainer Willie Mullins says Faugheen has fully recovered from the suspensory ligament injury that wrecked the 2015 Champion Hurdle winner's season.
The eight-year-old missed the defence of his Cheltenham title in March with the injury, with owner Rich Ricci opting to stand the gelding down for the rest of the National Hunt season to give him time to recover.
However, Mullins says the son of Miss Pickering and Germany, who won January's Irish Champion Hurdle by 15 lengths, the widest winning margin in the race's history, is now back to full fitness.
"Faugheen is good," the Carlow trainer said.
"I think he had a stone bruise or something the other day, but he's back riding and his other injury is perfect.
"We haven't discussed anything [regarding future races].
"Rich is lucky enough to have Faugheen and Annie Power and the way I look at it is maybe aim both for the Champion Hurdle and hopefully they'll still be standing by the time next March comes."
Mullins says some of his horses are not yet at peak fitness because their training plans were interrupted by the poor weather this summer.
He told At The Races: "It was quite a wet summer. We had it very hot early on, but then it was wet and cold.
"You'd like to see horses coming back in a bit better [condition], but that was the weather and I think once they've had the break I'm not too worried that they come in not as strong as other years."