The Eredivisie side have confirmed the capture of the attacking midfielder, who will pen a five-year deal upon his presentation to the press next week
The Eredivisie side have announced on their official website that the 21-year-old will sign a five-year deal early next week.
"Negotiations with Universidad took a while, but were always in a friendly atmosphere," Twente president Joop Munsterman commented on the move.
"We are very pleased that Gutierrez is joining Twente. He is a talented player who has developed into a Chile international."
Gutierrez came through the ranks of the Everton de Vina del Mar youth academy, before joining Universidad Catolica, where he made his official first team debut in 2009.
The attacking midfielder had since made 87 appearances for La Catolica, scoring 22 goals in the process.