According to a report from the Evening Times, Rangers could need to pay £2 million if they want to get a summer deal done for centre-back target John Souttar.
Gerrard's men are heading into a critical window after what has largely been an encouraging season at Ibrox. The Scottish Premiership table suggests that they have fallen well short this term, but no-one can really argue that the Gers are not in a better place than where they were 12 months ago.
Nevertheless, it looks set to be another busy summer for Rangers, particularly in regards to their defensive options. Gareth McAuley's contract is set to expire and Joe Worrall is scheduled to return to Nottingham Forest at the end of his loan spell. Signing a new centre-back therefore, looks to be a priority.
And the Evening Times suggests that Souttar may be the man that Gerrard wants after his superb campaign at Hearts. However, the report adds that the 22-year-old will cost around £2 million.
With other areas of the squad also requiring attention, Gerrard may feel that he needs to know his full budget before he gives the green light for a bid for Souttar. But that price should certainly not put the Rangers boss off.
Souttar is arguably already establishing himself as one of the best centre-backs in the division. And like Nikola Katic, he is at an age where he is only going to get better as he gains more experience.
Spending £2 million will be looked back upon as an inspired move - even if it may currently look like a bit of gamble for the Gers.