Former Reds captain believes that bringing in Jurgen Klopp as manager was a big coup for the club.
The former Borussia Dortmund boss took over as Brendan Rodgers' replacement at Anfield in October and has experienced something of a mixed bag of fortune in his first four months in charge.
Liverpool went unbeaten in the German's first four games in charge, including beating Chelsea at Stamford Bridge, but since then the Reds have lost as many matches as they have won in the Premier League, as well as being knocked out of the FA Cup by West Ham United.
However, Klopp has steered the club to the Capital One Cup final, and Gerrard is adamant that Liverpool made the right choice in appointing him.
The LA Galaxy midfielder told CNN: "I'm a huge fan [of Klopp], I was a big fan at Dortmund and I think we're very lucky to have him at Liverpool.
"I struck up a bit of a relationship with him. I'm hoping with my fingers crossed that as a Liverpool fan he can get us trophies and bring us some success."
Klopp will have his first chance to win some silverware in England when his side take on Manchester City in the Capital One Cup final at Wembley at the end of this month.
In the league, however, Liverpool are only eighth, three points behind Manchester United in fifth and nine points off a Champions League spot with 12 matches remaining.