PSV has agreed to terms with both Liga MX club Pachuca and the player with Gutierrez set to join PSV on a five-year deal as long as he passes a medical.
The 23-year-old was a reported target for the Dutch side this summer, but the club filled the need it has for a central midfielder by signing New Zealand international Ryan Thomas from PEC Zwolle.
Thomas, however, suffered a knee injury during training last week that will sideline him for the rest of the year and potentially the entire season.
PSV manager Mark van Bommel initially was sly about the potential of signing the midfielder.
"We are still working on a few deals and I hope things will soon be done with one or two players. Can I confirm that Gutierrez is an option? I cannot confirm anything now," he told Dutch TV station Veronica after Wednesday's 3-0 victory over BATE Borisov.
"We have only just sealed qualification and now is not the time to talk about transfers. I understand it's a talking point, though, as we only have 48 hours until the end of the transfer window."
The talking only grew louder later Wednesday with PSV showing photos of Mexican star Hirving Lozano at his home videochatting while a camera records his conversation. Another post showed that Lozano was chatting with "Guti," and the deal was announced within the hour.
PSV later released video of the chat, with Gutierrez saying he was headed to the Netherlands on Wednesday night. He had been in Torreon with Pachuca for a Copa MX match against Santos Laguna but left the group after PSV's progression in the Champions League was made official.
"You’re coming here to a great club. Right now, we’re in first place in the league and today we went through to the Champions League (group stage)," Lozano told Gutierrez in the video. "You’re coming to a great club and hopefully it goes well. I’m waiting for you here."
"I know, man. I’m going to give my best. I know it’s a great club, which is why you’re there and you’re there and are going to help me as well," Gutierrez replied. "I’m happy to be there. We’re going to enjoy another adventure together and now we have to take advantage of that."
The two were teammates, earning starting roles in the first team as teenagers with Pachuca and eventually winning a title together in the 2016 Clausura. The two were roommates dating back to their youth days and their bond remained strong, with the two famously celebrating a goal with the 'fusion dance' from Dragon Ball Z.
Both also went to the World Cup, though Lozano played in every match for El Tri while Gutierrez was the 23rd man on the roster and didn't see any minutes. They're also both included on interim Mexico manager Ricardo "Tuca" Ferretti's squad list for September friendly matches against Uruguay and the United States.