The six-year-old raised his game significantly last spring, bolting up in a Newbury handicap hurdle in early March, before finishing a close-up third in the Grade One Sefton Novices' Hurdle at Aintree the following month.
His seasonal reappearance has been delayed due to a minor injury, but he appears to be closing in on a comeback.
Vaughan said: "The plan is to go novice chasing with him. We hoped to be going to Chepstow for their opening meeting, but he had a little setback and he will probably not be out until the latter part of November. Where we go, I don't know yet.
"He just clouted himself behind his knee and we just had to put him right before stepping him up again.
"We think he is an extremely nice horse. He is the type that we would like to think would be competitive at the festivals. He is a half-brother to Don Poli and is bred to be an out-and-out three-mile chaser.
"I would think we would crack on over fences. The only thing that would put me off is if this niggle puts him out longer. I wouldn't want to be starting out in a novice chase in January, otherwise we would revert to hurdles.
"The RSA Chase would be the obvious race if we could get him there."
Another horse for whom Vaughan holds high hopes is Dadsintrouble.
The Presenting gelding was third in a competitive handicap hurdle at Aintree in the spring, but fell at the sixth fence on his recent chasing debut at Worcester.
Vaughan added: "He is a tricky horse to train. He did the same last year, he came to Cheltenham and was cantering and then fell three out.
"He had trouble with his muscle enzymes after that. He is a horse that has trouble with muscle problems and he has had the same problem this year.
"With the experience we have had we've been quicker to react to it. We will definitely stick to fences and crack on as he is seven going on eight.
"We will try to place him in a sensible race where he can get his head in front and build him up."