New Real Madrid boss Jose Mourinho reportedly has the midfielder on the top of his wishlist.
Reina said: “I hope Gerrard will not go to Real Madrid and that he will stay with Liverpool for a long time, that he will be with us for the rest of his career.
“I understand that something will happen, that Real Madrid are interested in Gerrard because Mourinho knows him very well and he is a footballer who can play in any team in the world.
“Gerrard is in the elite, one of the 10 best in the world because he is a very complete player. Hopefully they won’t take him.”