Hamilton, who joined Mercedes in 2013 and won his seventh world championship this year, is yet to sign a contract to remain with the team next season. Their talks have been repeatedly delayed over the course of the pandemic-affected season.
However Wolff insisted he has no concerns a deal will be done before Hamilton is due to return to the cockpit.
“From my point of view we’ve had such a successful run of championships in the past seven years that there is no reason not to continue,” said Wolff. “He’s on the top of his game and he will be for a while. And that’s why continuing together is a no-brainer.”
Negotiations over Hamilton’s new contract were delayed when he missed a race after testing positive for Covid-19 earlier this month.
“We always prioritised getting this championship done and not being distracted by sometimes difficult discussions as it is the nature of negotiation,” said Wolff.
“But then Covid struck. That delayed us a little bit but we are not worried in eventually getting it done. We are not putting a special date to it because we don’t want to be put under pressure from [the media] why it’s not signed yet. So sooner or later it needs to be done but the latest is before we go testing.”
Ineos chairman Sir Jim Ratcliffe, a new co-owner of the team, said decisions over driver contracts will remain in Wolff’s hands as the team principal.
“I’m very clear in my mind that Lewis is either the greatest or one of the two or three greatest ever racing drivers,” said Ratcliffe, “I think there’s absolutely no question of that. He’s just got immense talent. And he’s a very likeable chap, again, as I’ve got to know him a little bit.
“But at the end of the day all these decisions for me predominantly sit with Toto. Toto’s got to run that team. But one thing I would say about Lewis is there has been no diminution of his skills. He clearly is absolutely at the top of the game despite the fact he’s 35. There’s absolutely no sign of any change.”
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Daimler and Mercedes chairman Ola Källenius, who knew Hamilton when he was a teenager, wants to keep the seven-times champion within the Mercedes fold but wouldn’t be drawn on his remuneration.
“I was the Mercedes guy at McLaren in 2002-3 and then went to HPP [Mercedes High Performance Powertrains] and I could see Lewis move up the ranks through the different series. I met him, I think he was 15 years old. Back then we used to joke ‘there’s the next Formula 1 world champion’ and we didn’t know what was to come. So I’ve known him for a very long time.
“I think his dedication and professionalism when it comes to how he has dedicated his life to being the greatest is remarkable and applaud-able. And I also agree with what Jim said that he’s a nice guy too. We’d like to continue this partnership and then it’s up to Toto in his role to get that done.”
2020 F1 season
- Bottas vs Rosberg: Hamilton’s Mercedes team mates compared after 78 races each
- F1 revenues fell by $877 million in Covid-struck 2020 season
- Hamilton and Mercedes finally announce new deal for 2021 season
- F1 audience figures “strong” in 2020 despite dip in television viewers
- 2020 F1 driver rankings #1: Lewis Hamilton