Gerrard was resigned to losing last season's top scorer when he saw Suarez's headline-grabbing actions in Brazil.
"I thought he was going to stay, I thought we'd have got another year out of him," said Gerrard.
"I was actually already on the floor when I saw the bite because we knew we were going out. It was a double blow, knowing you're going out of the World Cup and knowing you're going to lose your best player.
"I knew there was no way back for him then and I knew he was going to engineer a way out."
For the big stories and the banter follow us on Twitter: @tribalfootball