Dunguib could step up to three miles at the Punchestown Festival in May following a disappointing performance in the Stan James Champion Hurdle.
Trainer Philip Fenton will enter the former Weatherbys Champion Bumper hero and dual Grade One hurdle winner in both championship events, but will not rush into a decision which race to go for.
The three-mile Ladbrokes World Series Hurdle is run on Thursday, May 5, with the Rabobank Champion Hurdle over two miles staged the following day.
"We were a little bit disappointed. He didn't perform to his best, I'm sure," said Fenton.
"He's absolutely fine since and I think we'll go to Punchestown next and he'll be entered in both the two-mile and three-mile races.
"The step up in trip might suit him but I can't see the point in taking on the likes of Hurricane Fly again.
"He looks a special horse and the second and third horses (Peddlers Cross and Oscar Whisky) are very good horses, too.
"We won't make any hasty decisions."