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A decision Harzand's future could be made within the next fortnight, trainer Dermot Weld has said.
The dual Derby winner was found to have a slight injury in the wake of his disappointing run in the Qipco Irish Champion stakes but recovered to take his place in the Prix de l'Arc de Triomphe.
However, he failed in his quest to emulate his sire Sea The Stars by winning the middle-distance feature, finishing ninth behind the Aidan O'Brien-trained Found.
Weld believes the long season may have contributed to his below-par display in France and he believes he could challenge for middle-distance honours if he races on.
"He had a long hard season and was on the go since March. He won the two Derbies and then got struck into at Leopardstown. He was pretty sore but healed quite quickly," Weld said. "You never know with pain what it takes out of them. He's a very tough horse and while other horses would be laid up for weeks, he was never lame with the cuts and bruises.
"He probably experienced pain and nothing takes it out of you like pain. It's only in a race that you find out and the Arc probably came a week too soon for him.
"There has been no decision on whether he retires to stud or races next season and I'd say it will be a couple of weeks.
"If he does stay in training, he'd be a high class mile-and-a-half horse next year and we'd be looking at races like the King George and Coronation Cup."