Steven Gerrard
Steven Gerrard believes Raheem Sterling should stay at Anfield and work on his development Getty

Steven Gerrard has urged Raheem Sterling to heed his words and extend his stay at Anfield where he can grow to become a Liverpool legend.

The 20-year-old has been at the end of a massive transfer speculation this summer, with the player refusing to extend his contract with the Reds which expires in 2017. This has resulted in a myriad of interest from clubs in the Premier League, which include the likes of Manchester United, Arsenal, Manchester City and Chelsea.

The Red Devils have already had a bid rejected for the player, but Louis van Gaal is not ready to cower down and is plotting another swoop to convince Liverpool to part with their star player. Sterling has been among Rodgers' best players this season in the absence of Luis Suarez and Daniel Sturridge and will be a major blow to their chances of finishing in the top four next season if the management has to part with the England international's services.

Gerrard will play for MLS club LA Galaxy next season, having spent the better part of two decades at Merseyside. The legend played his last game in a 6-1 defeat at Stoke City, where Sterling started from the bench.

"I wish I knew what Raheem was going to do," Gerrard said, as quoted by ESPN.

"The only two people who know that decision are Raheem himself and his agent. For the player's sake and all his fans out there, he needs to make a decision.

"I hope he stays. For his development as a player, he has a fantastic manager who can look after him and it's important he plays week-in, week-out and tries to develop into a world-class player.

"The frustration for me would be if he goes to another club and became a squad player and didn't get the chance to progress. That is the risk and it was be frustrating to see that," he concluded.