The 24-year-old moves to Lancashire after scoring just one league goal for Boro this season in 22 appearances.
Bolton manager Dougie Freeman suggested that Jutkiewicz would have a big part to play in the Trotters' second half of the season.
"I believe that if Lukas can find the right club that can provide him with the right sort of service he can quite comfortably be one of the top strikers in this division," Freedman told the club's official website.
"Because of his pedigree he is someone who is ready to be involved right away."
The former Everton and Coventry City player is expected to make his debut in tonight's trip to Queens Park Rangers.