It is still rumored that Steven Gerrard will return to the Premier League as a manager, having previously failed at Aston Villa, he is on the list being considered for the new Leeds United manager, but doubts he will be able to improve Leeds' position as he has also failed to do so at Aston Villa and his experience at Rangers doesn't seem to be enough to make him great in the EPL as a manager.
https://www.thesun.co.uk/sport/21322506/steven-gerrard-leeds-manager-shortlist-sacked-jesse-marsch/I would be very surprised, if Steven Gerrard would not get at least one or two more chance as a manager of a Premier League club. He was just to good, to important and to popular as a player back then, so i am pretty sure that he still has a lot of credit among the club officials in the premier league. That being said, i am still not sure, if Steven Gerrard really has a lot of talent to become a great manager, because the fact that you were a great player that was coached by great managers during his career does not automatically mean that you are also becoming a great manager. Some players are just not fitted for that role.
Regarding your worries about Steven Gerrard's future as a manager in the English Premier League, I completely empathize. The fact that he hit a snag at one of his former teams doesn't exclude him from being a fantastic addition to Leeds United. It's important to remember that every coach has their unique set of skills and limitations, therefore one's ability to be a great player or have a great career is no guarantee that one will be a great manager.
So far as I'm aware, Leeds United is in a period of change and is looking for a new head coach. Taking your time to weigh all of your alternatives thoroughly before choosing a choice is always a good idea. The club, in my view, should search for a manager who has shown success in the English Premier League and who can infuse the team with fresh vitality and direction.
Of course, it's also worth keeping in mind that it's impossible to know for sure how a coach will perform, and that occasionally a new approach can provide better results. Time will tell whether Steven Gerrard is a good fit for Leeds or not. Let's look forward with optimism and see what the future brings.