Liverpool's owners have admitted that they feel "sadness" following the announcement that club captain Steven Gerrard will be leaving at the end of the season.

The 34-year-old midfielder is out of contract in the summer, and confirmed that he will be looking for a fresh challenge after 17 years at Anfield.

John W Henry and Tom Werner said in a joint statement: "This news stirs many strong emotions for all of us connected with the club. There is sadness that such a great player and person is leaving and won't be playing for Liverpool beyond this season.

"But there is also a sense of celebration and gratitude, that we've all been privileged to watch and work with one of the true greats, not just of this club, but the game in general.

"His contribution to the club is almost beyond measure and it's testimony to his influence, that despite Liverpool having such a long and distinguished list of legendary figures, the name Steven Gerrard will always be at the summit."

Gerrard has won seven major trophies during his time at the club, including the Champions League in 2005.