http://www.drf.com/news/2012-kentuck...possible-derby
Official article on Isn't he Clever. Owner J. Kirk Robison quoted as saying- “The Derby is still under consideration, but I’ve always said I would never enter the Derby if I didn’t think the horse would be competitive.”
But I don't think you transfer him to Asmussen and base him at Churchill to not run him if you got a chance. If there are no defections, he'll probably show up in the Preakness.