The Reds suffered a 2-1 defeat to Fiorentina at Anfield on Wednesday, but Liverpool were already out of the competition ahead of the game.
“If you look at the whole campaign, it was not good enough from our point of view but now we need to try to qualify for the same competition next year,” he told Sky Sports.
“It wasn’t our strongest team but we gave a good account of ourselves. We were a bit unlucky to lose in the end.
“There was not much in it as far as points were concerned. It was just about getting this game out of the way and trying to get good preparation for the game against Arsenal on Sunday.”
Gerrard is now targeting Europa League consolation for the Reds.
He added: “It’s another cup to try to win. The final is at Hamburg, a fantastic stadium. We’ll try to win it now.”
