Gerrard has been impressed with the way Capello has quickly turned England around since taking charge after Steve McClaren's disasterous reign.
"The new manager has come in and changed things. I can honestly say it is a good time to be an England player," said the Liverpool captain.
"I have got a lot of belief in the England manager and his coaching staff.
"I think it is going to be an exciting year and hopefully we can get [World Cup] qualification sorted as quickly as possible.
"Then hopefully we can do better than we have done in previous years for England."