He suffered his first career defeat when taking a crashing fall in the Punchestown Champion Hurdle when still travelling well, with connections now considering whether to remain over the smaller obstacles or embark on a career over fences this autumn.
"It's still up in the air at the moment, to be honest," Elliott told Betfair.
"He's in good form and cantering away. He won't be doing a fast bit of work maybe for another month.
"Obviously at some stage I'll have to sit down and talk to Michael and Eddie (O'Leary, owners) and we'll make a decision.
"It's a pity we didn't stand up in Punchestown as if he'd gone and won that I'd say we'd definitely be going the Champion Hurdle route."
On his preferred route, Elliott added: "I'd love to win a Champion Hurdle, but I only train the horse, I don't own him. I'll have to talk to the lads and see what they want to do.
"The way he jumps a hurdle you'd say chasing is going to be his game down the road, but it's not easy coming across a Champion Hurdle horse.
"I'd love to win a Champion Hurdle, that's all I can say."
Samcro is a best priced 4-1 second-favourite for the Champion Hurdle behind dual winner Buveur D'Air, the 7-2 market leader.
Published 13:50 10/10/18