That is the question we are asking Forest Mad readers with the 28-year-old having scored five goals in the final five games of the campaign and provided the only genuine goalscoring threat to the opposition.
Such a record seemed a long way off when Derbyshire was loaned to both Oldham Athletic and Blackpool last season.
Speaking after another Derbyshire goal in the 2-1 defeat by Brighton & Hove Albion that ended the Reds season, caretaker manager "All I would say is that Matty will either sign again here or the work he has done in the last few months will not have done him any harm when it comes to getting a chance somewhere else."
Would you offer Derbyshire a new deal? Vote in the Forest Mad Poll now.
***Update*** The Nottingham Post reports on Monday that Guy Moussi and Marcus Tudgay will not be offered new deals with the club.