Rangers officials and the player's agent, John Lonergan, had declined to comment on claims the two clubs had reached an agreement for the 23-year-old.
However, it is now understood that Hutton - who is also rumoured to have attracted interest from Manchester United - has asked for two to three days to consider a move to the Premier League with his family.
Hutton, who has earned seven international caps, won praise for his outstanding performances in Scotland's 2008 qualifying campaign.
