Hutchinson has been linked with a move away from the Scottish Premier League club, but the Englishman has insisted that he is settled with life North of the border.
The 22-year-old told the Daily Record: "There was a bid from Millwall last season but I didn't take any notice of it. If something happens in the future, then it happens, but for the moment I'm happy here.
"Motherwell haven't said anything about a new contract, but we may start to talk about it towards Christmas.
"This is the start of my seventh year here. I came up as a 16-year-old and I have a complete life up here now."
Hutchinson has made 85 league appearances for the Steelmen.