The new programme will be presented by Sean until spring 2020.
Last month, the presenter was told that his weekday morning show was being axed as part of changes to the Radio Ulster schedule.
Mr Coyle thanked listeners for their support over the past fortnight and said he had been “overwhelmed” by the response.
He said “As a way of thanking them for their support, I’m going to be playing mine and their favourite songs on BBC Radio Foyle.
“We’ll be able to say a bit more about it soon and I hope that people will listen in and be part of it all.”
More details about the programme are to be released over the next few weeks.
Eddie Doyle, Senior Head of Production for BBC NI, said: “We had always hoped that Sean would continue presenting a regular show on the BBC for a bit longer and I’m pleased that we can now confirm this news.
“We know that Sean’s departure from the weekday morning schedule has concerned many listeners. None of that has been easy.”He added: “But the good news is that he’ll be now be bringing his unique mix of music, fun and audience interaction to the Foyle schedule.
“We expect to release details about Sean’s new BBC Radio Foyle programme over the next few weeks.”
His army of fans had vowed never to listen to Radio Foyle if Sean was not given his show back.