Lynch took over as Larne supervisor in 2017 and led them from the second-tier Championship to back-to-back prime flight titles.
He additionally guided them into the Uefa Convention League part this season as Larne grew to become the primary Northern Irish aspect to qualify for the group or league part of a serious European competitors.
The 44-year-old beforehand rejected the possibility to take at Scottish Premiership membership St Johnstone in September.
Larne are sitting ninth within the Irish Premiership desk after a stuttering begin to their title defence.
The Inver outfit are 14 factors behind pacesetters Linfield with three video games in hand after a 1-0 house defeat in opposition to the Blues on the weekend.
Lynch can be tasked with overseeing a rebuild at Derry following a disappointing fourth place end within the Premier Division final season.
The Candystripes have been locked in a title race with eventual champions Shelbourne for a lot of the season however that league end – coupled with the cup last defeat – means Derry is not going to play European soccer subsequent season.
They’ve additionally misplaced brothers Shane and captain Patrick McEleney to Glentoran and Ballymena United respectively in addition to Colm Whelan to Bohemians following the expiration of their contracts.
