Munster announced last month that Australian coach Tony McGahan would be returning to his homeland at the end of the season to take up a role as the Wallabies' defensive coach.
There has been plenty of speculation over his successor with Anthony Foley an early favourite while Harlequins director of rugby Conor O'Shea and the All Blacks' World Cup winning assistant coach Wayne Smith names mooted with the Thomond Park hotseat.
But O'Sullivan, who was most recently employed as USA coach at the 2011 Rugby World Cup, admits the lure of coaching the reigning RaboDirect PRO12 champions and two-time Heineken Cup champions would be too hard to resist.
"It'd save me getting on the plane," he said. "You're talking about taking over a team that's a bit like Manchester United or Real Madrid - one of the biggest rugby sides in Europe.
"Club rugby is very different to international rugby, in that it comes in huge blocks of pressure in comparison with the more regular pressure that club rugby entails."
O'Sullivan won three Six Nations Triple Crowns during his time in charge of Ireland which lasted from 2001 through to 2008.
Although his time ended with a disappointing World Cup campaign in 2007 followed by an underwhelming Six Nations campaign, it was his work that has been built upon so successfully by Declan Kidney, which culminated in the 2009 Six Nations Grand Slam.