The Colombian has been unplayable for Rangers this season, netting 28 goals in 35 games for his club. Gerrard has already confirmed his star man won't be going anywhere.
But after more speculation linked the striker with La Liga this week, the manager was quick to shut it down once again. "No ins or outs to report," he said. "Morelos is not for sale so nothing to report."
Sevilla 'considering January move' for Rangers striker Alfredo Morelos
One bit of business Gerrard hopes to complete is signing Jermain Defoe on a permanent basis. The Gers boss has made no secret about his desire to keep 16-goal Defoe.
And he provided fans with an update on the contract situation facing the veteran. "There should hopefully be some news on Defoe in the next day or two," Gerrard said.
"He is massive on and off the pitch, the goal against St Mirren wasn't lucky he knows where to be inside the box. Jermain is perfect to work with Alfredo."
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