A decision is expected soon on whether or not an extra team will be invited to join the grid in the future, with the Andretti/Cadillac project being the highest profile of those who have applied.
Existing teams have consistently made clear their opposition to having a new team take a share of the championship's income, indicating that additional entrant must bring something to F1.
Despite adding the Cadillac name, Andretti is still regarded by teams as not fitting the bill, with Ferrari's Fred Vasseur noting that the series doesn't need another American squad, and Red Bull's Christian Horner dismissing Cadillac's involvement as a badging exercise.
"We have no visibility of who the applications came from and what the proposals are," said Wolff.
"I think all the stakeholders, and I think mainly the FIA and FOM who decide on such a new entry, will assess if the proposal accretive for F1, what does it bring us in terms of marketing and interest? And whether they want to think about introducing that.
"Our position was very clear - buy a team. There's a lot of consequences when you look at qualifying sessions. I mean already now we are looking like on a go-kart track, we are tripping over each other. There is a safety concern.
"We haven't got the logistics where to put an 11th team. Here in Silverstone we can accommodate the Hollywood people, but on other circuits we can't.
"Then people like Audi and now the venture capital fund [at Alpine] have been buying into F1 teams for considerably higher valuations.
"So all of that is a picture that the FIA and FOM have to assess. As I said before, if a team can contribute to the positive development of F1, and in a way that the other teams have done over the many years, have suffered over the many years, yeah, we have to look at it."
Source: Autosport