Chris McKenna of the Daily Star writes that Gerrard has huge faith in the current squad at Anfield and that if they are wise with their transfer investments, they will compete on all fronts for the foreseeable future.
McKenna confirms that the Fenway Sports Group will back Rodgers in the transfer market, giving him a £60 million kitty to do his business.
McKenna quotes the England midfielder saying:
I have a huge belief that if this group of players stick together and we can make the right couple of additions to strengthen it again in the summer, the future is bright for this club. There is no doubt about that.
With just one game left in the Premier League season, the Reds have slipped from the top of the table just at the wrong time. Manchester City completed their victory over Aston Villa on Wednesday night, leaving the Merseyside giants two points behind them at the summit, per BBC Sport.
However, a dramatic swing on the last day could still deliver Liverpool their first league championship in 24 years, and Rodgers and his men will be hoping for a wonderful performance from West Ham at the Etihad on Sunday.
Both City and Liverpool's incredible scoring feats have kept them in pole position toward the latter end of the domestic season, with Paul Hayward of The Telegraph acknowledging both teams' amazing efforts in front of goal.
Liverpool's rise from Europa League contenders to being one game away from title glory is commendable, but the fact that they have conceded 49 goals in the Premier League this season, per Squawka, will come back to haunt them.
Rodgers needs to reconstruct his defence with an injection of top-class talent and, with the extra games that the European schedule will bring to his team next season, he will need a bigger squad just to cope with the extra minutes his side will play.
Gerrard is right that the club must add to their current crop but much depends on the future of Player of the Season Luis Suarez.
If he remains at Anfield, the future is bright for the Reds. However, if he departs for a new challenge in Spain, then Rodgers will find it near impossible to replace one of world football's greatest attacking talents.
When former hero Fernando Torres departed Anfield, his goals became tough to replace in the short term as £35 million man Andy Carroll struggled in the famous red jersey. Rodgers will be aware that any transfer fee received for Suarez might not be enough to actually replace the man himself.