Until then, the No 8 insists he will continue to concentrate all his efforts on helping Brendan Rodgers' side achieve both domestic and European success.
Explaining his decision, Gerrard said: "This has been the toughest decision of my life and one which both me and my family have agonized over for a good deal of time.
"I am making the announcement now so that the manager and the team are not distracted by stories or speculation about my future.