Suarez remains heavily linked with a move away from Anfield with Arsenal having two bids rejected for the Uruguay international striker, the last one of £40million plus £1 which they believed would trigger a sale clause.
Liverpool have always maintained they merely had to inform the player of offers of that magnitude and have been steadfast in stating Suarez is not for sale.
Anfield captain Gerrard certainly does not want to see the 26-year-old leave - particularly to a club he sees as a direct rival in the race for Champions League football.
In an interview in the Independent, he said: "It's difficult every season to finish in the top four positions because of the power the likes of Manchester City, Chelsea and Manchester United have got at the moment.
"The likes of us, Tottenham and Arsenal are fighting to sneak into the other place that's available.
"Where we sit actually right now, it all depends on what decision Luis Suarez makes in the next few weeks. If we lose him then the challenge becomes even more difficult. It's that simple.
"If he goes to Arsenal, it obviously makes our season that little bit more difficult.
"It strengthens them an awful lot and they are our rivals for a top-four position. From the club's point of view it doesn't make sense at all, no matter how much money is put on the table."
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