The 42-year-old's position at Villa Park has come under pressure in recent weeks following a poor start to the 2022-23 campaign.
Villa have won two, drawn three and lost five of their first 10 Premier League fixtures this term and they are currently languishing in 16th place in the table, just one point above the relegation zone.
Former Tottenham and Southampton boss, Mauricio Pochettino is being tipped to replace Gerrard at Villa Park if he gets sacked. Unai Emery is also being mentioned as another possible option.