Gerrard joined LA Galaxy last year after a distinguished 17-year stint with Liverpool, where he achieved Champions League glory in 2005.
The 35-year-old said he and his family were "happy " living in California, but admitted he missed friends and family in the UK as well as attending games at Anfield.
Speaking at a fans' question and answer session at LA Galaxy's stadium, he said: "I will be going home at some point.
"I don't want to start any unneccessary rumours. I'm really happy where I am at the moment. But I'm sure somewhere down the line I will represent Liverpool football club.
"I miss my friends and my family. I miss a bit of cold weather.
"I miss going to the games. I spent 35 years in Liverpool. Liverpool is my home, it always will be. This is my second home for a short period of time.
"Sooner rather than later I will return to where I'm comfortable with my people - and that's Liverpool.
"I'm getting on a little bit now so eventually we'll move back and settle in Liverpool."
Source: PA