Gattuso is currently negotiating a release from FC Sion.
"I am completing the paperwork with Sion to terminate the contract early," he told Sky Sport Italia.
"Am I afraid of President Maurizio Zamparini's reputation for hiring and firing? No, the only thing I fear is death!
"We will do what is best for Palermo, if this marriage goes through. We talked and expressed our mutual respect. I can certainly say my playing days are over, as I can no longer take the medication I need to continue.
"Will Fabrizio Miccoli be in my team? I don't know. His contract is up this summer and I don't know if the club intends to renew it."