Celtic rampaged to their seventh straight Scottish Premiership title on Sunday afternoon with a 5-0 evisceration of Rangers, the team who are supposedly their nearest rivals.
"It's nearly as though Liverpool are sending Gerrard out on loan", Dunn told Sky Sports the Sunday Supplement.
Murphy said: 'The only thing with that, I was thinking really, is that how do you get concrete reassurances with something like that?
Murty twice stepped up as caretaker boss in 2017 - following the departures of Mark Warburton in February and Pedro Caixinha in October - and was then handed the job for five months after the club's failed pursuit of Aberdeen's Derek McInnes.
Steven Gerrard has also been linked with the vacant manager's job at Ipswich.
According to his former team-mate Danny Murphy, Gerrard is "excited" about the prospect of becoming Rangers manager but needs reassurances over the resources available to him.More news: Kanye West shaves head for his 'hero' Emma Gonzalez, upsets MAGA crowd
"He'll be able to attract bigger players because of who he is and what he brings to the football club", he said.
The 37-year-old Gerrard has been coaching Liverpool's development squad since retiring in 2016.
The spur-of-the-moment hat lark seemed to go down well with most people in attendance, though the local constabulary were altogether less enamoured.
He is right to seek assurances about money to spend on transfers, but surely there are easier managerial jobs for Gerrard to take and begin his career in the dugout.
"It's a big if because there are no guarantees but if everything is put in place and he is promised funds - and I'm pretty sure if he accepts they would have to deliver what they have promised to him - I think it's a no-brainer for him".
He won nine trophies with Liverpool, including the Champions League in 2005, amassing 710 appearances for the Reds and earned 114 England caps.