The 28-year-old moves to PSV on a free transfer and the keeper has signed a one-year contract with the club.
“PSV have two good goalkeepers, Przemyslaw Tyton and Boy Waterman, under contract for another long season,” PSV sporting director Marcel Brands said.
“Khalid Sinouh played a fine role in last season’s team, but we’ve made the decision to give Boy Waterman and our own talented youngster Nigel Bertrams an opportunity to show their skills between the posts.”