McGregor is poised to set a new European appearances record for Rangers, surpassing Barry Ferguson’s tally of 82 if he plays against Standard Liege at Ibrox on Thursday night.
The former Scotland international will be 39 next month and his current contract expires at the end of the season. Gerrard is full of praise for McGregor’s influence on his team but can offer no clarity on what his future holds beyond this campaign.
“We’re not any closer than we have been (to talking about a new contract),” said Gerrard. “He signed a year’s extension last summer and it’s something we will probably look at as the months go by.
“There’s no problems or any urgency on it as far as we are concerned. It’s very much something where we will listen to Allan in terms of where we think he is at body-wise, what he wants to look at in the future.
“We are aware of the options. Does he play on? Do we offer him something to play on? Does he see himself going down the coaching road? Does he want a break from it?
“There are a load of things we need to discuss in the conversation. But I don’t think the time is right for that. Allan is in a good place, the team’s in a good place.
“He’s been massive for us. I think he has learned a lot even in the last couple of years, in terms of his leadership and adapting to a new brand of players - the younger generation are not like it was 10 or 15 years ago.
“So Allan is certainly adapting to leading those players. He knows he is an example and someone those young lads look up to.
“He has been the ultimate professional for me since day one. He is someone we trust not just on the pitch but off the pitch as well. He’s been fantastic, I can’t speak any more highly of him. He deserves to break the record and we are all very proud of him.”