Kings Will Dream has recovered from a fractured pelvis suffered in the Cox Plate and has been given the all-clear to resume full work.

Sent off favourite when sixth in the Caulfield Cup, the Irish-bred import was retired from last year's Cox Plate, won by Winx, and it was touch and go whether the five-year-old would survive.

Managing owner Brad Spicer said his heart sank that day as he feared he may lose the gelding.

"We were lucky the artery he ruptured under his pelvic bone clotted, because if it didn't he was in a lot of strife," Spicer told RSN927.

Formerly trained by Darren Weir, Kings Will Dream will do his future racing with Chris Waller and Spicer hopes the gelding can again make it to October's Cox Plate at The Valley.

Spicer said Kings Will Dream spent four weeks at Matthew Williams' property at Warrnambool on the treadmill, stretching his muscles before heading to the paddock.

"It's the first time he's seen a paddock in 13 months," Spicer said.

"It took a bit of getting used to.

"He got out there and thought what's all this about, but he's settled in now and can have another couple of weeks of before he goes up to Sydney to Chris Waller's stables.

"He'll be a little ring-rusty but hopefully he'll target those early weight-for-age races into the Cox Plate, all going well."

Spicer said one of reasons the owners chose Waller was because the tracks in Sydney tended to be more forgiving.

"But if it's too wet, he might be switched to Melbourne and that's the beauty of having a horse with Chris Waller," Spicer said.