Lampard ended a 13-year spell with Chelsea where he made 626 appearances for the club, and became their record goalscorer with 208 goals.
He won three Premier League titles, the Champions League, two League Cups, the FA Cup four times along with the Europa League, and Gerrard has said it's a good move for the 36-year-old.
He's quoted in the Liverpool Echo, saying: “I think Frank has made a great decision. At his age 36, he's had a wonderful career and I don't think he has anything to prove in England in any more.
“He's broken records with Chelsea and won everything with them. I think it's a perfect move for him."
It's certainly a new challenge for Lampard and a little way out of the spotlight during the autumn of his career. He has won all there was to be won during his time at Stamford Bridge and has cemented his legendary status at the club so the timing of the move was probably for the best for him personally.
Gerrard also refused to rule out a move like that for him if the opportunity where to come along but at the moment he seems to be concentrating on the season ahead with Liverpool - whilst it has been mooted he will be offered a new contract at the club.
He added: “One day that might happen to me, I don't know. I've never really discussed it with anyone or thought about it.
“Maybe one day I would like the chance to go away from Liverpool for a short time and try something different. But I haven't given it much thought. That carrot hasn't been dangled yet.”
Was that an invitation? Who knows?