Victoria-born Stevens has notched just 11 games since being taken at pick No.23 in the 2009 NAB AFL National Draft, with four of those appearances coming this year.
West Coast are keen to retain the 21-year-old, but Stevens may opt for a trade in order to gain better exposure.
"Koby's no different to a lot of young guys - if they don't get opportunity, obviously they've got to have a look at where they're going to play," West Coast chief executive Trevor Nisbett said on Monday.
"We rate him very highly. He's a good, hard player.
"Hopefully we will retain him. If we don't, we'll have to look at a trade for him."
Lynch, who qualifies as an unrestricted free agent, has been tabled a new deal.
Although the 29-year-old found himself out of favour at the tail-end of the season, it's unlikely he'll seek a move so late in his career, especially with West Coast's premiership window wide open.
Goalsneak Mark Nicoski, who missed the entire season with a hamstring injury, will also be offered a new deal, while veteran winger Andrew Embley is also a required player.
"They'll both be offered contracts," Nisbett said.
"We want them to continue. They're heart and soul players for this club. They have been all the way through."
West Coast's 2012 campaign was brought to a halt on Saturday night after succumbing to Collingwood by 13 points in their semi-final at the MCG.
But with veterans Darren Glass, Daniel Kerr, Dean Cox, Lynch and Embley showing no signs of slowing down, Nisbett was confident the club remained in good shape to challenge for the flag over the coming years.
"Sometimes it's said that once you hit 30 you're on your way out," Nisbett said.
"Well these guys have played really consistent footy, and if they continue to play like that ... who knows, we may get two or three more years out of them."
West Coast will attempt to snare a speedy midfielder through either a trade or the draft, but Nisbett said the club wouldn't go overboard in an attempt to secure a star player.
