The Milan club aim to capitalise on the stricken finances and the overwhelming uncertainty at the Anfield club.
Mourinho has been a long-term admirer of the England international and the Portuguese manager attempted to prise Gerrard from Liverpool in the summer of 2004 and came even closer in 2005 before the 29-year-old finally spurned the advances of Chelsea.
Liverpool have endured a torrid season and currently lie in eighth place, four points off the top four. To add to the clubÃ¢â‚¬â„¢s woes, Gerrard has suffered from inconsistency and injuries.
The midfielder is an Anfield icon, but should the five-time European champions fail to qualify for the Champions League then it is conceivable that the captain would reconsider his options.
The Nerazzuri have dominated Serie A in recent years winning four successive Scudettos and look on course for a fifth, but success in EuropeÃ¢â‚¬â„¢s premier competition still evades them.
In order to rectify this current blemish in their recent history, Mourinho believes Gerrard can help propel them to Euro glory. According to the Corriere dello Sport, the owners would be prepared to offer a bid in the region of Ã¢â€šÂ¬34 million.
The same Italian paper broke the story last summer when Inter tried to secure the England internationalÃ¢â‚¬â„¢s signature for Ã‚Â£40 million. That attempt failed however, with Gerrard enjoying a superb season and Liverpool finishing with an all-time high total of points in the Premier League.
A source close to Inter Milan believes there is a possibility that Gerrard may be tempted to leave this summer after the horrendous season his club have experienced.
Ã¢â‚¬Å“Inter are working to sign Steven Gerrard given that Liverpool are in economic difficulty,” said the Inter source.
Inter Milan currently lie top of Serie A and hold a nine-point lead over city rivals AC Milan.
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