Hutton has not played since Scotland's friendly against Argentina in November but is now fit again after a long-term foot injury.
The full-back is due to make a comeback for Spurs' reserve team on Monday, with George Burley's Scotland up against the Dutch at the Amsterdam ArenA the following Saturday.
And while Redknapp insists the initial Group 9 game will come too soon for Hutton, the right-back could be involved against Iceland four days later.
"I spoke to George Burley and he said he definitely wouldn't play him against Holland," Redknapp said.
Too quick"It's too quick. He'll play Monday night in the reserves against West Brom.
"He hasn't played one game. It's different joining in training to playing a game. He'll find out on Monday night how fit he is.
"He's a fit lad, he's a good athlete who can run all day but after Monday night he'll find he'll ache the next day."
Hutton has insisted he would have no fears playing, but Redknapp added: "He has not played a game yet, so I don't know how you can work that out."
Hutton will return to a Spurs squad bolstered by the arrival of Pascal Chimbonda in the January transfer window, with Vedran Corluka currently Redknapp's first-choice right-back and Didier Zokora also playing there occasionally.
"There is competition from places and that is what it is about," Redknapp said. "That is why Manchester United, Liverpool and the top teams can afford to leave players out, to bring them in.
"Apart from three or four people, everyone else is up for changing all the time."