The Brazil international is expected to play in midfield for the Reds.
"They are recruiting very well. People want to come and play for this manager, people want to come and play for these supporters," said Gerrard.
"The signing of Fabinho will help. I am sure the other two or three targets they are after will help them be stronger and make the squad stronger and hopefully they can have a right good go at it.
"The starting 11 is very strong. I think by making signings naturally your bench becomes stronger."