The former Liverpool and England captain moved to LA Galaxy in 2015 after he called time on his 17 years with the Merseyside outfit.
But with Gerrard’s contract with the MLS outfit expiring next month and formal talks over a new deal on hold, The Mirror claim he could be set for a return to his homeland.
Gerrard said: “I’m wondering whether I should play on for a little bit longer or whether I should call it a day. I haven’t 100 per cent decided on that yet.
“I still enjoy playing. I still love coming into training, I still love competing, so if I can carry on and there are opportunities to stay here or go somewhere else for another six months or 12 months then I’ll consider it.
“But if nothing comes up I’ll try and fly through the coaching badges and see what happens down that road.”
The 36-year-old’s availability, should he become a free agent, is expected to put a host of English clubs on alert.
And while Gerrard would be unlikely to turn down any offer from Jurgen Klopp, who has held discussions with the midfielder in the past, a number of Championship clubs are also likely to be interested, the report claims.
Express Sport
A player-coaching role could be on offer with Gerrard already working on getting his coaching badges.
Gerrard added: “I’m around 60 percent through my A licence and I’m hoping to have that finished by the end of the year so we’ll go from there.
“Maybe it’s an obsession but I still love playing. I’m going to be a long time retired and so I still want to enjoy things while I’m still feeling good.”
Gerrard has said before that Liverpool would be the only Premier League club he would play for.