However, the Gers will have to make more signings if they're going to bridge the gap between themselves and Old Firm rivals Celtic.
Supporters won't need reminding just how many years it's been since they last won the Scottish Premiership and despite promising signs under Gerrard, they are still some way off where they should be.
Ironing out defensive errors will key to their title charge next season but they will also need to ensure Alfredo Morelos finds more consistency. In 2020, the Colombian has just one goal to his name.
Whether they head into next season with him, though, is a mystery.
However, one player that could be part of Gerrard's squad next term is someone currently playing for Manchester United.
Reports from the Manchester Evening News this week confirmed that the Glaswegians were in the market to sign a talented teenager on a free transfer.
That happens to be midfielder Dion McGhee, a player Rangers are now front-runners to land once his contract at Old Trafford expires.
Available for no money at all, Gerrard will need to beat off competition from West Ham and Dutch outfit AZ Alkmaar.
McGhee has been at United since he was just seven years of age but now faces a change of scenery.
GIVEMESPORT'S Matt Dawson says...
McGhee is a talented player but Rangers should be aware of the mistake they've made with someone like Brandon Barker.
He arrived from the blue half of Manchester but only scored once this season, playing just 12 times in all competitions.
However, if they can get McGhee up to speed, he could well provide some healthy competition for Hagi.
The 19-year-old is an attacking midfielder by nature but despite failing to score for the U23s this season, has scored five times and registered three assists in 33 U18 outings for United.
That side of the game, in particular, might well be needed if he's to thrive in Scotland.
Given his age, it would be unfair to throw heavy expectations on the youngster if he did arrive at Ibrox, but the attacking midfield role is clearly one that needs bolstering. That's especially if Joe Aribo features more prominently further back or on the wing instead.News Now - Sport News