Chairman Leigh Pomlett has accelerated plans originally set for the summer and has already begun the interview process for the role.
The change of direction will see the club bring in an experienced coach to help Dutton as he makes his first steps in management – and the head coach believes the right appointment will benefit the Saddlers.
"Every appointment at the football club has to be the right one," Dutton said.
"A director of football coming in, if it's the right appointment they will add so much value to the football club.
"If it's the wrong appointment and they're at the club for the wrong reasons, then it'll put the football club on the wrong track.
"If it's the right person with the right motivations, it will be a good decision.
"I look forward to working with anybody that comes into the football club."
With assistant manager Mat Sadler consistently playing due to defensive injuries, Dutton has been left on the sidelines alone with only goalkeeper coach Maik Taylor in support.
The director of football role will offer Dutton another sounding board but the 35-year-old insists he is coping well on the sidelines.
"I am a bit of a one man band at the minute, there's no hiding that," Dutton added.
"My assistant is getting rolled out onto the pitch. Maik is the goalkeeper coach and specialises in that.
"I'm doing the warm-up out there too. It's not easy but I'm not crying about it.
"I enjoy it and look forward to it. I'm a bit of a megalomaniac at the best of times so I have no problem with that whatsoever."