The England midfielder said that players are not labelled as prospects for long before they must "step up" and take on more responsibility in the team.
"You only get described as a young lad for a certain amount of time and then it's time to become a man and perform on a consistent basis," Sky Sports News quotes Gerrard as saying.
"There is great talent at the club at a young age; the manager has been trying to get a young group of players together that can perform well for him. It's a big season for a lot of players - you look at Raheem Sterling and Jordan Henderson.
"Of course it's a big season for every player we've got, but I think the supporters will be looking for the young lads to step up now, try to push people out of the way and become regulars in the team. I'm certainly looking forward to seeing what happens with those young players."
Gerrard, who has played for Liverpool his whole career, has 102 caps for England.