Gerrard knows they will have to strengthen further up front in the summer, even if Luis Suarez stays.
"It would be a disservice to Luis to say that we can cope without him, but it would then be disrespectful to my team-mates to say that we can't," he told the Liverpool Daily Post.
"In an ideal world we'd have him available because he makes the team a lot stronger. He's had a phenomenal season.
"But I have a lot of confidence and belief in the squad of players we have got. We can cope without Luis until the end of the season.
"You don't have to be a rocket scientist to know we still need another striker. You look at top teams in Europe and at United, City and Chelsea, and they all have three or four top strikers.
"That's something we haven't had. We had one until January. Then Sturridge came in and we have two. In my opinion, to compete at the top we need to have three or four strikers."