The Reds still have plenty to play for this season, including an exciting League Cup semi-final showdown with Chelsea.
After spending more than £115 million on new recruits in the summer, the general consensus among Premier League experts was that another title fight was on the cards.
Such predictions, however, have turned out to be quite some way off as a disappointing campaign has ensued on Merseyside.
The sale of Luis Suarez and the absence of the injured Daniel Sturridge hae hit the club hard as the Reds find themselves in a lowly 11th spot and out of the Champions League.
Still, there is still five months of the season remaining and the Anfield outfit could yet win silverware as a Europa League, FA Cup or League Cup victory is by no means an unrealistic goal.
Aside from the cups, while a title challenge is now long gone, a top-four spot is still within grasp, and skipper Gerrard believes as much as he talks up his side's 2015 objectives.
“What are our goals for the rest the season? That’s clear. We want top four and a trophy,” he was quoted as saying by the Mirror.
“That’s always our bread and butter. After the start we’ve had I think it will be a fantastic achievement if we can get in that top four.
“We’re not happy with our position in the table at the moment. But if we can come through a big game against Arsenal and get a win then that could be the catalyst for us to go on a run of results.
“There are a lot of league games over the Christmas period. So if you can string three or wins together it can get you up there knocking on the door.
“We’ve got to keep fighting for that because it’s so important to this club. That’s the main aim, no doubt about it.
“And on top of that if we can try and get a cup along the way that would be a very welcome bonus because this club is about winning trophies.”