Leading trainer Gai Waterhouse has hosed down speculation Glencadam Gold will not run in next week's Melbourne Cup after the horse missed trackwork at Flemington because of soreness.

Waterhouse said that the five-year-old had developed a sore hoof and she had decided working in the water would be a better way of trying to return him to peak fitness.

Glencadam Gold pulled up sore following his unplaced in the Caulfield Cup.

"He had a little bit of heat in his off-hind foot so I've sent him to the beach this morning and sent him to the pool," Waterhouse said.

She has used the pool or the beach to good effect in the past and hopes Glencadam Gold can respond quickly.

"It's funny, everyone sees it sometimes as a negative, but I see it as a positive," Waterhouse said.

"You think about athletes, when they're training, often going into big races they can just cruise.

"I find swimming is a real arm to my training and I do it with a lot of my horses."

Glencadam Gold was a disappointing 15th in the Caulfield Cup after winning his first four starts in Australia, highlighted by the recent Group One Metropolitan (2400m).

The Irish-bred gelding will take on the Group Three The Lexus Stakes (2500m) at Flemington on Saturday before backing up in Tuesday's Melbourne Cup.

He will again be partnered with young jockey Tom Berry, who steered him to his Metropolitan victory but was replaced in the Caulfield Cup by veteran Jim Cassidy.

Waterhouse said she wanted a jockey who was familiar with the tricky Caulfield layout but was happy to have Berry back on board at Flemington which she sees as a more straightforward track.

"Flemington's a much less-complicated track than Caulfield," Waterhouse said.

"When I engaged Jimmy Cassidy I engaged a senior rider that's won at Caulfield many, many times and (won) many Group Ones.

"I thought he was the right jockey for the day. At Flemington, I think it's a much easier track for a young jockey like Tom Berry and I think he'll be well-placed on the horse."