Bayliss was instrumental in England becoming a dominant force in white-ball cricket after taking over in 2015 following the reigning champions' disastrous World Cup campaign Down Under.
On Sunday, England defeated Williamson-led New Zealand in the final of World Cup 2019. "But as I say I'll sit down and talk to Pakistan when I get back to Lahore in the next couple of weeks".
Bayliss, who will stand down from his England job after the Ashes series against Australia in August, will succeed compatriot Tom Moody in the cash-rich Twenty20 league.
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Moody has coached the SRH since 2013 and has, under his able guidance led the franchise to its maiden and only title triumph in the year 2016.
In IPL 2019, SRH were knocked out by Delhi Capitals (DC) in the eliminator beating them by two wickets.
The IPL franchise added: "After very careful consideration, the SunRisers franchise has chose to take a new direction with the Head Coaching role and will be parting ways with the services of Tom Moody".
Last but not least, SRH franchise also thanked Tom Moody for his huge contribution to their franchise.
Bayliss, in past, has been associated with IPL franchise Kolkata Knight Riders. He helped the team in achieving five playoff appearances over the past seven years, including a much treasured championship in 2016. "We would also like to thank him for his work ethic and leadership over our journey and wish him all the success moving forward". A special thank you to the players, support staff and all the fans.