"Of course every driver wants to get the best possible contract out of the negotiations, but money will never be a determining factor in our conversations,” Wolff told Bild.
“Lewis, of course, knows that we are undergoing a major transformation with Daimler's entire electrical process and it is also much more important for Lewis that he has a fast car.”
Hamilton, meanwhile, said recently he was not in any hurry to sign a new deal.
"We haven't sat down and talked yet," he revealed.
"It's crazy because there is all of this talk in the media and everything.
"I have a certain approach normally, in a way that I don't stress. I trust Toto and we have that trust between us. We've told each other what our goals are and what our aims are and our commitments.
"So I don't ever feel there's necessarily always a rush. Sometimes Toto is like, 'Is everything okay?' so we just always keep the channel open, and I'm sure in the near future we will start to sit down, but I don't feel stressed."
Should Hamilton not sign a new deal with Mercedes, there has been continuous speculation that he could favour a switch to Ferrari for one last big move before he retires.
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