Despite missing the first half of the season through injury, the midfielder was a regular fixture in the side from Boxing Day onwards as they suffered back-to-back relegations.
The 26-year old is unlikely to be keen on making the step down as he believes he can still cut it in the top flight.
"I've got the ability to play in the Premier League," O'Hara said.
"I'm back fit now, so we'll have to see what happens.
"It's been pretty embarrassing the last few seasons and the club hasn't really been going in the right direction.
"We're due back on June 25, so I'll sit down with the club then."