Gerrard is expected to play for Liverpool against Chelsea at Anfield on Sunday with the aid of a pain-killing injection but manager Rafael Benitez says the midfielder may have to pull out of the England game.
Liverpool manager Rafael Benitez put a 15 million pound price tag on striker Peter Crouch on Thursday and said he could leave at the end of the season. Crouch, who joined from Southampton in 2005, has struggled to nail down a place in Liverpool's first team and Benitez said he would not stand in his way if he decided to leave.
Liverpool won the Champions League under Benitez in 2005 and were runners-up last year, but they have struggled in England.
Liverpool captain Steven Gerrard is one of five players who have begun talks over new contracts.
Liverpool manager Rafael Benitez has called for an end to the "crazy" Euro 2008 qualifying system.
Real Madrid football director Benito Floro said earlier this week that he wanted to sign the England midfielder.
The Liverpool manager hailed his rejuvenated team after they recorded the Champions League's biggest win by hammering Besiktas 8-0.
Goals from Peter Crouch, Steven Gerrard and Dick Kuyt gave them a 3-0 victory in the EPL.
Liverpool manager Rafael Benitez accused the Chelsea winger of histrionics during their league clash.
It is the same knee he damaged last season and the former Dutch international will undergo surgery on Wednesday.
Liverpool will seek a 10th successive EPL win when they conclude a memorable year at home to West Bromwich Albion
The six-team competition begins at the weekend but is unlikely to heat up until Liverpool and Brazil's Sao Paulo join the fray at the semi-final stage.
Liverpool coach Rafael Benitez said his team's chances were dashed due to the shorter than expected stoppage time.
Liverpool coach Rafael Benitez paid tribute to the passion of his players and the roar of the Anfield crowd after beating Chelsea on penalties
The two sides will be meeting for the 14th time since Jose Mourinho and Rafael Benitez arrived in English football in 2004 and there is little they do not know about each other.
Wednesday's Champions league first leg semi-final will be the 14th meeting between the two teams. Chelsea won six of those meetings and Liverpool four. Three were drawn.
The new deal will keep the Spaniard at Anfield for another four years until 2010.
In Europe, Chelsea enjoy none of Liverpool's reputation, earned with five European Cup finals and four triumphs.
Liverpool's Spanish manager Rafael Benitez has agreed to a new four-year deal with the club
Xabi Alonso scored twice as the European champions rallied from 1-3 down to win 5-3.
Real Madrid great Zinedine Zidane has quashed speculations that he is going to replace under-fire Rafael Benitez as the team coach, saying that he is still in a learning process when it comes to coaching a senior team.
Liverpool will be bidding to win the Super Cup for the third time after previous wins in 1977 and 2001.
Manager Rafael Benitez confirmed Liverpool are weighing up bids from Aston Villa and Olympique Lyon for Milan Baros.
The Liverpool and England striker is joining Real Madrid.
"I'm proud of the players for the way they came back," the Liverpool manager said.
Everton's David Moyes won the League Managers Association award for guiding his team to next year's Champions League berth.
French striker Djibril Cisse may leave Liverpool if coach Rafael Benitez continues to keep him on the bench
Liverpool have been put off by Real Madrid's insistence on a transfer fee for the Portuguese midfielder.
'If you arrive at a new club in a new country from Real Madrid then you are under pressure,' said the Liverpool manager of his Spanish midfielder.
The Liverpool coach added that Morientes could even figure for his team in Saturday's home game with Manchester United.