Gerrard is the cousin of Reds skipper Steven Gerrard and faced Barry in a friendly this week.
"Decisions on his future are down to him because he has aspirations of playing in the Champions League and Liverpool are there already. Everyone wants to excel in their career and hopefully he can do that.
"He would make a good partnership with Steven as they are friends from the England squad.
"And I have no doubts at all they would complement each other well in the centre of midfield."