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Published 15:08 27 Apr 2018 BST
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"But the most important thing when you are starting out is when you feel the time is right and when you feel ready, especially when it is about your first job.
"It is not necessarily about a club, it is about the right club. And if the speculation is right and Stevie has spoken to them then maybe there is something in that, that he feels that it is the right club.
"I know he has always wanted to be a manager, I know that from my time working closely with him at Liverpool, it was something that he wanted to do."
Speculation that Gerrard would take over from current Gers manager Graeme Murty intensified on Tuesday night, when club chairman Dave King was pictured in the Anfield stands for Liverpool's 5-2 victory over Roma in the Champions League semi-final first leg.
It was suggested that King was present to hold talks with Liverpool's former captain, who was on punditry duty for BT Sport.
It's been rumoured that Gerrard would make former Reds teammate Gary McAllister his assistant at Rangers should he agree to take the reins.
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