According to reports in Italy, Inter president Massimo Moratti is planning a major bid for the Reds captain when the transfer window re-opens in the summer.
The Italian club's directors Lele Oriali and Marco Branca travelled to England in February to visit Liverpool games and to run the rule over Gerrard.
Inter, who are flying high at the top of Serie A, are still in talks with Real Madrid's Mahamadou Diarra but Moratti is hopeful to test Liverpool's resolve over Gerrard.
The news will alarm Juventus whose coach Didier Deschamps went public over his interest for the England ace last week.