Gascoigne was taken to the hospital by his driver and assistant Steve Foster, who found the 58-year-old in a semi-conscious condition at his home in Dorset.
"Paul is in the hospital, which is the best place for him to be at this moment," Foster stated The Sun newspaper.
Gascoigne was reportedly admitted to an intensive care unit after being found on Friday but was later transferred to an acute medical unit, where his condition is reported to be stable.
Foster mentioned that Gascoigne would "like to express his gratitude to everyone for the support he has received from so many old friends who wish him well and hope to see him back to his best."
One of the most naturally talented footballers of his generation, Gascoigne played for Newcastle, Tottenham, Lazio, Rangers, Middlesbrough and Everton.
He earned 57 caps for England, becoming a global sensation after his outstanding performance at the 1990 World Cup in Italy, which peaked with his emotional response to receiving a yellow card that would have excluded him from the final, during a semi-final defeat against West Germany.
Gascoigne also excelled for England during their journey to the EURO 96 semi-finals, where they again lost to Germany in a penalty shootout.
The midfielder's struggles with alcohol dependency and depression are well-documented, and he has faced a series of health challenges in recent years.
In 2020, Gascoigne stated he had turned his life around after having anti-alcohol pellets implanted in his stomach.
However, last year, he confessed on the High Performance podcast that he was a "sad drunk" living in a spare room at his agent's home.