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Connections of Casual Conquest have voiced their concerns about the colt's lack of experience after he was confirmed as a likely addition to the Vodafone Derby field.
Weld was present at Epsom for the 'Breakfast With The Stars' event and stated he will advise Moyglare Stud, owners of the ante-post favourite, to supplement their horse at a cost of £75,000.
Casual Conquest shot to the head of the Derby betting following a six-length thrashing of his rivals in the ever-informative Derrinstown Stud Derby Trial at Leopardstown.
Although Weld would like the Hernando colt to take his chance at Epsom, he admits it is a step into the unknown for a horse that has only run twice.
He said: "It is a gamble but I would encourage Mr (Walter) Haefner (owner of Moyglare Stud) to supplement and run in the race.
"I have always thought he was potential Derby horse but more of an Irish Derby horse.
"He is 16.3 hands and has only raced twice - once this year and once as a two-year-old. Mr Haefner's concern is that this is happening too soon for this big horse.
"I would love to win the Derby but have never had the horse to do so.
"I won the Moet and Chandon (amateur riders' race) as a rider when I beat Mr (Luca) Cumani so I know the course, and it is very special.
"I have won 21 European Classics so I would love to win the Derby, but the main thing is the horse and his future."
Cumani himself has a well-fancied runner in the race as he goes in search of a third success in the Classic.
Curtain Call, formerly trained in Ireland, enjoyed a leisurely spin around Epsom under big-race pilot Jamie Spencer, despite the exercise being delayed due to fog.
"It will have done the horse the world of good," said Cumani.
"I couldn't really see much of it but Jamie said he handled the track very well and gave him a good feel.
"I have been pleased with everything he has done and all I have to do now is keep him sound and safe until the first Saturday in June."
Godolphin firmed up their Derby plans with French Guineas runner-up Rio De La Plata confirmed as Frankie Dettori's mount.
"We have decided to run Rio in the Derby and Ibn Khaldun will go to the French Derby on Sunday," said spokesman Simon Crisford.
"Rio ran a very good trial in France and there are two reasons why we think he will get the trip.
"Firstly he had a very bad draw in France and used up a huge amount of energy and, more importantly, the ground was very quick and I don't think he was letting himself down on it.
"We are happy about him getting a mile and a quarter but are not sure about a mile and a half."
There is some doubt about the participation of dual Guineas winner Henrythenavigator, however, with trainer Aidan O'Brien stating he would not run on anything other than "summer" ground.
"At the moment we think the decision about running is going to be taken out of our hands," said the Ballydoyle handler.
"The ground in Epsom is soft this morning and the forecast is not for any real drying weather between now and the Derby.
"Everybody knows that Henry wants summer ground and it looks like it is not going to be like that."
Despite the prevailing soft conditions at Epsom, clerk of the course Andrew Cooper foresees a reasonably dry spell on the horizon.
He said: "I think if we were racing today I would be calling it soft ground out there.
"There is a lot of weather feedback and channels I go through that certainly suggest we are going into a relatively dry spell over the next few days. I am tending to think there won't be a lot more rain around."
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