The German giants, who Chelsea face in the Champions League quarter-finals next month have made Hutch, 20, their number one summer target.
General manager Uli Hoeness said: "We have spoken with Chelsea and his agent. We will look into it more when the time is right."
Jurgen Klinsmann has told Huth he must be a Chelsea regular in the build-up to the 2006 World Cup or risk losing his international place.
Huth has a contract at Stamford Bridge until 2008.
Chelsea meet the German side in the quarter-finals of the Champions League, with the first leg at Stamford Bridge on 6 April.