Warne has responded to Merson's claims that Klopp could take the Millers into the Premier League.
"I think the German coaching badges are a lot better than the English ones," Warne joked.
"Jurgen is a lot more experienced than me. I can understand Paul Merson's comments because Klopp at the moment is head and shoulders above.
"But if he got us to the Premier League, wow. I hope my chairman hasn't read that.
"I'm not sure he could bring Mane and Firmino here, though. I don't think the wage structure will work."
Warne never played higher than the second tier during a career which started at Great Yarmouth Town and zipped through Wigan, Kettering, Rotherham, Mansfield, Oldham and Yeovil.
And the 46-year-old has rated his chances of success if a Freaky Friday situation occurred and he ended up in the Anfield dug out.
"I'm not sure if I could win the Champions League. I haven't been involved in many Champions League games, so my experience isn't really up there," he said.
"I reckon I might be able to win the Premier League with Liverpool this year - if I took over now I would give myself a good chance.
"I don't want a job swap because I don't want to commute, that is too far for me, so if he did want to take the job..."
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