The inspirational Anfield skipper has entered the final year of his current deal.
Having spent his entire career with his home-town club, and with unfinished business to attend to in the Premier League title race, Gerrard is determined to ensure that the 2014/15 campaign is not his last on Merseyside.
Brendan Rodgers has admitted that fresh terms will be tabled, with Gerrard still an important part of his plans.
The 34-year-old has announced his retirement from international football in an effort to prolong his domestic career and has made it clear that he is prepared to enter into discussions with Liverpool whenever they are ready.
Gerrard said: "Brendan has mentioned a new deal a couple of times in the media, but no talks have happened.
"I am not trying to call the club out or anything like that. It's not like that. I'm sure we will talk in the future but we will have to wait and see.
"I hope that I’m here for more than one year, of course I do, but it is all about this season for me.
"I still believe we can be involved in the title race. I believe if we had Luis Suarez, we'd be favourites. We played some incredible stuff last season and we are a very, very good side – don't forget that."
While Gerrard remains focused on the present, he has conceded that he could follow the lead of former England colleague Frank Lampard by ending his playing days outside the Premier League.
Lampard has taken the decision to link up with New York City at the end of his Chelsea contract, becoming the latest high-profile player to agree a switch to the MLS.
Asked if a new challenge in the United States might appeal to him further down the line, Gerrard said: "One day that might happen to me, I don't know.
"I've never really discussed it with anyone or thought about it. Maybe one day I would like the chance to go away from Liverpool for a short time and try something different.
"I think Frank has made a great decision. At his age, 36, he's had a wonderful career and I don't think he has anything to prove in England any more.
"He's broken records with Chelsea and won everything with them. I think it's a perfect move for him.
"But I haven't given it much thought. That carrot hasn't been dangled yet."