Colin Tizzard's eight-year-old was a shock winner of the Albert Bartlett last year when landing the prize at odds of 33-1.
Connections had hoped he would develop into a useful staying novice chaser, but after his debut success he was beaten nearly 100 lengths by Santini on his last start.
Tizzard will now get him back over hurdles with just one run likely before he takes on the Stayers' Hurdle at Cheltenham.
Tizzard said: "Kilbricken Storm is going to go back down the Stayers' Hurdle route. He was not quite right after his last run over fences.
"He will have one more run, then go for the Stayers' Hurdle."
Kilbricken Storm's outstanding form over hurdles was a revelation last season.
Tizzard added: "The owners are not very keen to continue over fences, and they are quite keen to have a go at the Stayers' Hurdle.
"When we bought him his point-to-point form was only moderate, but he was a very good hurdler last season.
"He was very good at the Cheltenham Festival last season, and it is becoming more fashionable to swap horses round."
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