The 34-year-old’s future has been the subject of much conjecture, with question marks remaining over whether the Reds Skipper would be offered a new contract.
However, it appears that formal talks over a contract extension are now under way, as Liverpool look to ensure the veteran ends his career at Anfield.
And Rodgers has called for patience from the club’s fans, saying that Gerrard deserves as much time as he needs to consider the offer on the table.
“Steven’s representatives, and the club have been speaking and he has obviously been offered a contract here,” Rodgers said.
“At this moment in time that is where it is at. Everything Steven has done here, the 16 years he has been in the first team, show he deserves the utmost respect and he should be given time to consider that.
“It is a big decision in terms of committing where his next contract should be. It certainly won’t be about money.
“I love working with Steven – he is arguably the best player who has played in the Premier League – I hope that continues, but he deserves as much time as it takes to make the decision.”
Gerrard, who made his first time debut in November 1998, has racked up 483 appearances for Liverpool, scoring 113 goals in the process.