Cheltenham has passed an inspection and will host racing on Saturday afternoon.
Clerk of the course Simon Claisse has confirmed that racing will go ahead tomorrow and on Sunday.
The first afternoon of Cheltenham's three-day November meeting was been yesterday due to a waterlogged track - and tomorrow's high-profile card was under threat. However it has got the green light after rain eased off and conditions improved.
"The conditions have improved - we've had just a few millimetres of rain in the past 24 hours, and come first thing this morning most of the floodwater had gone," said Claisse.
"There was surface water in some places but at no depth.
"We had concerns about the Old Hill, which is in the area of the third-last hurdle and fence and the second-last hurdle - as expected the ground approaching the third-last fence is not what we'd consider raceable, so in order to get the chasers down the hill we are taking out the third-last hurdle, so that they will share the Hurdle track until the bottom of the hill.
"The forecast overnight is for a couple of millimetres of rain, and we are looking at a mostly dry day tomorrow - maybe a splash of rain - with a mixture of clouds and maybe a patch of sunshine."
The going is currently soft, heavy in places.
There will be eight races on the card, including the Ballymore Novices' Hurdle Race, which was originally scheduled for Friday.