The England skipper has been involved at Anfield since he was eight years old, despite coming very close to a move to Chelsea at one point, but he insists that he has no regrets.
The 32-year-old told the club's official website: "It is the club I have supported since I was a boy and I'm in such a privileged position to captain the team.
"[A move to Chelsea] was very close but I have no regrets and am absolutely delighted I stayed loyal to Liverpool.
|6/1||Steven Gerrard is 6/1 with Bet365 to score the first goal in a Liverpool win over Oldham
"I've been there since I was eight and the contracts kept coming, the love kept coming, they have always supported me on and off the pitch.
"A football career is like a rollercoaster, it is up and down and you learn from your mistakes on and off the pitch but, no matter what I have done, I've always had fantastic people around me at the club. I think Liverpool deserve a big thank-you from myself for the loyalty they have shown to me."
Gerrard also spoke of his belief that manager Brendan Rodgers can be the key to bringing trophies back to Anfield.
"Our fans demand that we are successful and that we win and if you are looking for a young manager out there who has everything going for him who can help us achieve that success I think you pick Brendan Rodgers," he argued.
"He gave up a top job in a comfortable situation at Swansea, where he'd done fantastically well, and had the bottle and the character to come and take this big job on.
"Now the responsibility and the pressure is shared with the likes of myself and Jamie [Carragher] because it is a tough club as well with the demands and expectations on a daily basis."