The former Scotland international, speaking exclusively to Football Insider, suggested the 56-year-old’s installation is “more important” than that of Eddie Howe – who was confirmed as manager earlier this week.
This site understands Newcastle are set to appoint former Chelsea director Emenalo as their director of football after a breakthrough in talks.
A Magpies source has told Football Insider that the Nigerian is set to work with Howe to recruit at least three major January signings.
The Telegraph reported last month that Newcastle decision-makers will be handed a £50million war chest ahead of the winter window.
Hutton insisted the relationship between Howe and Emenalo will be “massively important”.
“I think this appointment is more important than the manager,” he told Football Insider‘s Ewan Kingsbury.
“They have got a lot of money to spend, and the owners are obviously going to back the new manager.
“Emenalo and Eddie Howe have to be on the same wavelength with the players they want to bring in. It will be huge if Emenalo gets it.
“They have to bring in the right players and not just throw money away. It’s massively important they get it right with the relegation implications as well.
“It’s a big plus that they have gone for someone with that experience at the top level, as well.”
Newcastle are the only Premier League side yet to record a win this season.
They are level on points with basement club Norwich, occupying 19th place by virtue of their superior goal difference.