Found this. Some of what Houllier says is argued to be an overstatement. I'm sure he's said elsewhere that the reserve coaches told him not to bother because Gerrard had so many injury issues. But this speaks of growing pains, even if Houllier exaggerated things.
Houllier: I'm pleased I spotted him very quickly. I saw an academy game and asked him to come with the pros immediately. I'm pleased we did that because Sammy Lee once said: 'You saved his career.' We sorted out his back problems [and] his growing problems gradually. That's why we were very progressive with him in his participation in the games. I remember we had to fill [out] his body and to be extremely cautious in some areas. But you could feel that he was going to make it. The attitude was right and he had a great desire to improve. He was listening and taking on board what you would say to him.
Rob Palmer (commentator): Houllier has probably told you he bigged him up and made his career. But the truth was that at the time, Houllier wasn't big on him. If you do your research and look back, after a while Houllier sent him back [to the academy]. I think he needed some persuading from the academy staff that he was good enough to be part of the first-team. I was the man that was always asking questions in the news conference at the time and I think it'd be fair to say that Gerard took a while to be won over by Stevie G in the very, very early days.
Roberts (fan): Houllier is quite sort of funny in that he always takes the credit for Gerrard. He talks about how he gave him the captaincy -- and he did give him it really young. But it was absolutely no secret that Gerrard was going to make it.