The Reds midfielder has set his heart on being named Liverpool boss one day, as he told TwentyFour7 magazine (as reported by Jeremy Wilson of the Daily Telegraph), and will embark on his coaching badges over the coming year in a bid to ensure his dream comes true.
The 33-year-old is rightly making plans for life beyond football with his playing career heading towards its final flourishes.
The England international is regarded as a hero among the Anfield supporters, with his career high being the 2005 Champions League comeback win against AC Milan in Istanbul.
However, if Gerrard does follow through on his dream of becoming Reds' boss, he will be following a path upon which many have fallen and felt the curse of the fans' favourite tarnishing their reputations as managers.
Here, we look at some players who have returned as managers to the clubs where they made their names during their playing days.