"It goes without saying I would love Michael Owen back here and think everyone at the club would love him back," said Gerrard.
"Obviously it's up to Real Madrid. He's their player and they'll decide if he can go, but when I see Michael in the England squad this week I won't even have to ask him where he'd like to be in a few weeks.
"I'm waking up every morning, looking in the papers and hoping to read he's on his way here. Could you imagine him coming back to Anfield and scoring against us for another club? It would be a nightmare. "Whoever signs him guarantees themselves 20 goals and, in my opinion, the best striker in the league."