The 35-year-old's contract expires at the end of season, and although he has previously said that he'd like to sign an extension, Hamilton is not ruling out the possibility of quitting racing as a whole.
Speaking to journalists at Imola about the future of Wolff and what impact his departure would have on the team, Hamilton had said: "I don't even know if I'm going to be here next year, so it's not really a concern for me at the moment".
Wolff and Hamilton have played a crucial part in Mercedes winning the Constructors" Championship seven years in a row, and Wolff declared "we are not finished'.
'I think it's the moment, it's the emotions.
Hamilton is on the verge of securing a record-equalling seventh world title, but he has yet to renew his contract with the dominant Mercedes F1 team.
Mercedes has won a record-breaking seventh consecutive constructors championship with a Lewis Hamilton-led one-two finish in Imola at the Emilia-Romagna Grand Prix.
"I guess if he were to decide to step out of Formula One, which I don't think is going to happen and I hope is not going to happen, I think we are going to have a pretty frantic driver market out there!" he said.
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The Austrian, a shareholder in the team, has said he is working on the succession and a new, undefined executive role. We carry a lot of the weight together.
Mercedes want him to stay but the question is how much they are prepared to pay and how long Hamilton wants to commit for, particularly with Wolff intending to stand back from the day-to-day running of the team. "I feel great, very strong and that I could go on for plenty of months but, Toto mentioned about 'shelf life" and there are multiple things on the top of my mind.
The six-time champion capitalized on teammate and pole-sitter Valtteri Bottas's misfortune to notch up his 93rd career success and extend his lead in the drivers' title race. I'm in a very proud corner with Mercedes and I'm not going to go anywhere.
"Hamilton continues to tease and torment with comments such as "it's not certain I'll be on the grid next year" when of course he will be", Brundle wrote.
"I think that this is where Lewis and I are very similar".
"If we could have seen where it was we could have possibly do a more effective job of getting it out at the first stop".
Hamilton and Bottas celebrate title record with Mercedes mechanic Luca Bruno.