Speaking to British reporters, Mercedes' new executive director and 30 per cent shareholder admitted there was "a lot of speculation" about the plans of McLaren's technical director Lowe.
McLaren and Mercedes spokespeople were keeping quiet on Tuesday, but BBC commentator Eddie Jordan - who has broken several stories in recent years - was clear.
"Paddy Lowe is going to Mercedes and it would appear that Brawn and (Nick) Fry are on their way out, and Lowe will be there in a very senior capacity," he said.
Wolff, however, said suggestions today about the next moves for Brawn, Fry or Lowe would be "foolish".
"I've read it in the papers as you have, but there's nothing else I can tell you," he added.