Eleven seasons ago Gerrard was a key part of a Liverpool squad that won the Carling Cup, FA Cup and UEFA Cup, in addition to qualifying for the Champions League.
This time they cannot win European honours, but the other three parts of the equation remain very much a possibility, with the Reds already in the Carling Cup final and into the fifth round of the FA Cup after knocking out Manchester United. Currently four points outside the top four, Champions League qualification is also there for the taking.
Suarez has missed nine games in total as the result of two separate FA punishments, but he is available for Liverpool's Monday collision with Tottenham. Skipper Gerrard, himself only recently back to regular first-team action, is excited at the prospect.
"Luis can help us achieve what we set out to achieve - finishing top four and reaching two finals," the England midfielder told BBC Sport.
"I'm sure he will because he's a super player. Luis has shown over the last 12 months that he's one of the best players in the world so we want these players available.
"He has been missed and the players are looking forward to welcoming him back."