Maguire won the Hennessy Cognac Gold Cup on Sibton Abbey for Murphy in 1992, and made regular trips up north to ride for the Middleham-based trainer last season.
"He will still ride as a freelance and if he has a good horse to ride down south he will be able to," Murphy said. "You need continuity and Adrian and I go back a long way. Number one with him is looking after the horses and that is important as our horses are all big, National Hunt types."Reuse content