He no longer holds the title of being Liverpool's best player, though. That mantle now sits with Luis Suarez, but Gerrard is still a top class player.
For over a decade, Gerrard has played a major role for Liverpool, and for a number of years he carried the team single-handedly when others around him lost all semblance of form.
It would be untrue, though, to suggest that he has always been their sole star.
In the beginning, it was Michael Owen who shared the responsibility. Following Owen's departure, there were a couple of seasons where Gerrard stood head and shoulders above his teammates and was the lone true star.
The void alongside him was then filled by Fernando Torres, who combined with Gerrard to make Liverpool a force in the Premier League and in Europe.
Torres is now long gone while Gerrard remains a star. But unlike before Torres arrived, he is not the only one.
Liverpool's other star player is, as mentioned, Luis Suarez, and with Gerrard's career in it's twilight, it is Suarez who will be needing a partner in crime to lead Liverpool into the future.
Liverpool have historically had at least two star players in their successful teams. Often times they've had three. Even many of the teams that weren't successful had two star players.
With the exception of the years between Owen and Fowler, when Gerrard carried the team, the Reds have rarely been a one-man team.
Think back to the team with Heighway and Keegan, move on to Dalglish and Souness, plus Rush. Then there was Rush, Barnes and Beardsley. McManaman and Fowler were the tandem in the early and mid 90s and then there was Owen and Gerrard.
Now it's Gerrard and Suarez, and pretty soon it'll just be Suarez.
While the Uruguayan has the ability to carry the team after Gerrard can no longer be a star player, it wouldn't be an ideal situation.
A common theme at Liverpool has always been that they don't buy star players, they make them.
So who can take over for Gerrard out the current crop of Liverpool players?
Here are five possibilities, along with the reasons why they could or could not be star players .