The 29-year-old has scored twice in 16 Eredivisie appearances this term, helping PSV move to the top of the table ahead of Twente and Vitesse.
Hutchinson joined the Dutch club from Copenhagen in 2010 after winning the Danish Super Liga Player of the Year.
But the midfielder is keen to experience a new challenge in England at the end of the season.
“It’s always been my ambition and dream to play in the Premier League,” said Hutchinson.
“After two and a half years at PSV I am ready for a new step. Hopefully I can leave with a championship in Eindhoven.”