Hamilton has dominated the 2020 F1 world championship and has become a seven-time champion, matching Michael Schumacher in the process.
Mercedes chief Wolff also opened up on the possibility of any move for Russell ahead of the 2022 season.
He explained: “[Russell is] a Williams driver, and is signed up to Williams.
“Our driver line-up is Valtteri and Lewis, so I don’t see this as a realistic situation at that moment of time [2021].