The England international has made more than 300 league appearances for the Anfield outfit - netting 71 goals - since breaking on to the first-team scene in 1998.
He will be 33-years-old when his current Reds deal ends, and Gerrard says that may be the right time for him to hang up his boots for good.
"I will be 33 at the end of my contract in 2013 and I don't know if I will go any further," he told France Football.
"If I do retire, then I will know that from the start to the end of my career I only had one club. And I don't want to think about wearing any other shirt in the future.
"I was close to leaving in the past, maybe twice, most notably in 2005. That year we were a long way off the Premier League title and Chelsea's interest turned my head.
"It was a difficult moment for me. However, now when I look back I am very happy that I chose to stay here. It has given me real pride."
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