Internet rumours have spread in the wake of the Three Lions' exit from the World Cup that the pair headed opposing factions in the England camp at the tournament.
Terry's public expression of unhappiness at a press conference during the campaign was reported to have angered Gerrard and his Liverpool team-mate Jamie Carragher, with rumours of a wider split between Liverpool and Chelsea players also appearing.
There was apparently a confrontation between the two relating to remarks later made by Gerrard about Terry's comments at the press conference undermining team morale.
Gerrard is also believed to have been unhappy at what he perceived as Terry's attempts to undermine him as skipper.
However, according to a number of tabloid newspapers, the issue did not relate to the private lives of the players and they have subsequently spoken about the situation and are keen to dismiss the rumours as mere speculation.