Speaking after his testimonial against Olympiacos, the captain feels Iago Aspas, Luis Alberto, Kolo Toure and Simon Mignolet can help secure a top-four finish
The Merseyside outfit showed good Premier League form towards the end of last season, losing just one of their final 12 games to eventually secure a seventh-place finish.
England skipper Gerrard says that he has already seen enough during pre-season from Iago Aspas, Luis Alberto, Kolo Toure and Simon Mignolet to convince him the club can earn a return to the Champions League after a four-year absence.
"It's got to be the aim [to finish in the top four]," Gerrard told reporters after his testimonial match against Olympiacos.
"I've experienced it many times here at Anfield [European football]; that's where we believe we belong.
"[Aspas] got little bits of magic and he'll certainly strengthen the squad, he's still very young but you can see the talent there.
"I thought [Kolo] Toure looked very assured at the back, [Simon] Mignolet kept a clean sheet. And Luis Alberto is one for the future. I'm sure every minute he gets here at Anfield it'll be a great experience for him.
"All our new signings are settling well and hopefully there's one or two more in these coming weeks."
Liverpool celebrated Gerrard's career with a 2-0 win over Olympiacos, with Joe Allen and Jordan Henderson bagging the goals.