The 33-year-old midfielder still has at least a couple of years left at the highest level after signing a new contract this summer.
But he is looking beyond his playing days and despite a few years ago having reservations about eventually stepping into management he now wants to pursue that path.
"The dream come true would be to manage Liverpool, when the Liverpool job becomes available," the England captain told TwentyFour 7 Football magazine.
"There are world-class managers there ready already, but we'll have to wait and see, it would be the icing on the cake.
"When you get to a certain age, my age, you need to start thinking seriously about a life after football.
"I am planning on doing my badges and qualifications over the next 12 months.
"I definitely see myself as a manager rather than a coach, but that could change.
"I remember speaking to Jamie Carragher and he really fancied it but he's decided media is what he wants to do.
"It'll be strange seeing him on Sky but I'm really delighted he's doing it. He can leave managing Liverpool to me!"