Cutler is the highest-paid quarterback in the NFL this season and general manager Phil Emery insisted this week that he was "an elite quarterback".
"Financially, he is one of the elite guys in the NFL. He just hasn't produced like an elite quarterback," Urlacher told 87.7 FM The Game.
"You look at Jay. He's got Brandon [Marshall], Alshon [Jeffery], Matt [Forte], this great offensive line, Martellus Bennett, and they can't seem to put it together, for some reason. I'm not sure if that's his fault, but for some reason, they just can't figure it out."
Cutler has thrown for 14 touchdowns and seven interceptions this season with all of the picks coming in the Bears' four losses.