Ms Phelan said she was “absolutely honoured and delighted” to accept the Freedom of Limerick.
“I am a very proud blow-in from Kilkenny who has made her home in Limerick. I have always felt welcomed and accepted in Limerick, even before I became this public figure so I would be absolutely thrilled to accept the offer,” she said.
She added it was also an honour considering only four other women have received the Freedom of Limerick since 1877.
Past recipients of the Freedom of Limerick include President Michael D. Higgins, US presidents John F. Kennedy and Bill Clinton, Pope John Paul II, and rugby legend Paul O’Connell.
The ceremony will take place in the New Year subject to Covid guidelines.