TGR-1202 and Ibrutinib in Treating Patients With Relapsed or Refractory Diffuse Large B-Cell Lymphoma

Inclusion Criteria: * Histologically confirmed diffuse large B-cell lymphoma (DLBCL) or transformed DLBCL * Hematoxylin and eosin (H\&E) stain and immunohistochemistry (IHC) slides or a representative formalin-fixed, paraffin-embedded (FFPE) tissue block along with the pathology report from initial diagnosis, (as well as, an optional 8 unstained slides of 4 micron thickness to store for future IHC and DNA specified research use), should be sent to be reviewed, and the diagnosis confirmed by University of Nebraska Medical Center (UNMC) (retrospective diagnostic review: treatment may commence prior to the UNMC review); please NOTE: the diagnostic H\&E slide and IHC slides will be returned after review; only the optional 8 unstained slides will be retained and stored for future unspecified research use * Patients with relapsed or refractory DLBCL that has relapsed post-transplant or that has been determined to be ineligible or unsuitable for transplant; patients must have to have received at least one prior systemic therapy * Patients must have measurable (\>= 1.5 cm) or evaluable disease; baseline measurements and evaluations must be obtained within 6 weeks of registration to the study; abnormal PET scans will not constitute evaluable disease, unless verified by CT scan or other appropriate imaging; measurable disease must have at least one objective measurable disease parameter; a clearly defined, bi-dimensionally measurable defect or mass measuring at least 1.5 cm in diameter on a CT scan will constitute measurable disease; proof of lymphoma in the liver is required by a confirmation biopsy; skin lesions can be used as measurable disease provided bi-dimensional measurements are possible * Absolute neutrophil count (ANC) \>= 1.0 x 10\^9/L * By automated or manual review, whichever is greatest * Platelets \>= 100 x 10\^9/L: * Unless due to bone marrow infiltration then eligible if platelets \> 50 x 10\^9/L) * Total bilirubin =\< 1.5 x upper normal limit if documented hepatic involvement with lymphoma, or =\< 5 x upper normal limit if history of Gilbert's disease * Alanine aminotransferase (ALT) and aspartate aminotransferase (AST) =\< 2.5 x upper limit of normal (ULN) if no liver involvement or =\< 5 x the ULN if documented liver involvement * Creatinine =\< 2.0 mg/dL OR calculated creatinine clearance \>= 50 mL/min (as calculated by the Cockcroft-Gault method) * Eastern Cooperative Oncology Group (ECOG) performance status =\< 2 or expected survival duration of \> 2 months * Ability to swallow and retain oral medication * Women must not be pregnant or breast-feeding * All female patients of child-bearing potential must have a negative serum pregnancy test within 2 weeks prior to treatment to rule out pregnancy * Pregnancy testing is not required for post-menopausal or surgically sterilized women * Male and female patients of reproductive potential must agree to follow accepted birth control measures throughout the study period and for 30 days after the last dose of either study drug for females and 3 months after the last dose of study drug for males * Patient must be able to adhere to the study visit schedule and other protocol requirements * Patient must be aware of the neoplastic nature of his/her disease and willingly sign (or their legally-acceptable representatives must sign) an informed consent document indicating that they understand the purpose of and procedures required for the study, including biomarkers, and are willing to participate in the study * No serious disease or condition that, in the opinion of the investigator, would compromise the patient's ability to participate in the study Exclusion Criteria: * Currently receiving cancer therapy (i.e., chemotherapy, radiation therapy, immunotherapy, biologic therapy, hormonal therapy, and surgery and/or tumor embolization) or any investigational drug within 7 days of cycle 1/day 1, 14 days of cycle 1/day 1 for limited palliative radiation, and/or five half-live of an oral therapy * Corticosteroid therapy started at least 7 days prior to initiation of treatment (prednisone =\< 10 mg daily or equivalent) is allowed as clinically warranted); topical or inhaled corticosteroids are permitted * Major surgery or a wound that has not fully healed within 4 weeks of enrollment * History of stroke or intracranial hemorrhage within 6 months prior to enrollment * Requires anticoagulation with warfarin or equivalent vitamin K antagonists (eg, phenprocoumon) * Vaccinated with live, attenuated vaccines within 4 weeks of enrollment * Autologous hematologic stem cell transplant within 3 months of study entry * Allogeneic hematologic stem cell transplant within 12 months of study entry * Active graft versus-host disease and must not be on immunosuppression * Wide field radiotherapy within 28 days of cycle 1/day 1 or active side effects of such therapy * Active hepatitis B (hepatitis B virus \[HBV\]) or C (hepatitis C virus \[HCV\]) infection (negative serology required excluding those with are seropositive due to prior vaccination) and/or known history of human immunodeficiency virus (HIV) * Primary central nervous system involvement only * Require treatment with strong cytochrome P450 family 3 subfamily A (CYP3A) inhibitors * Known history of drug-induced liver injury, alcoholic liver disease, primary biliary cirrhosis, ongoing extra-hepatic obstruction caused by stones, cirrhosis of the liver or portal hypertension * Any life-threatening illness, severe and/or uncontrolled medical condition, or organ system dysfunction, laboratory abnormality, psychiatric illness or other condition which, in the Investigator's opinion, could compromise the subject's safety, interfere with the absorption or metabolism of ibrutinib capsules, put the study outcomes at undue risk or affect their participation in the study such as * Symptomatic, or history of documented congestive heart failure New York Heart Association (NYHA) functional classification III-IV (NYHA) * Corrected QT interval using Fridericia's formula (QTcF) \> 470 msec (unless related to pacemaker) on echocardiogram (EKG) within 7 days of initiation of treatment * Angina not well-controlled by medication * Poorly controlled or clinically significant atherosclerotic vascular disease including cerebrovascular accident (CVA), transient ischemic attack (TIA), angioplasty, cardiac or vascular stenting within 6 months prior to enrollment * Prior malignancies within the past 1 year with exception of adequately treated basal cell, squamous cell skin cancer, or thyroid cancer; carcinoma in situ of the cervix or breast; prostate cancer of Gleason grade 6 or less with stable prostate specific antigen (PSA) levels * Women who are pregnant or breastfeeding; women who agree to stop breastfeeding would be eligible * Known hypersensitivity to either study drug (TGR-1202 or ibrutinib)