Asked if Bottas will be the number two for the rest of the season, Mercedes boss Wolff answered: "No.
"The most important thing in Formula 1 is racing.
"We've always said that if we get to the last quarter of the championship with one of the drivers having a big advantage, then we could take some unpopular measures.
"But the time for this has not yet come.
"Today we used team tactics so that both cars were guaranteed to finish. As I said, if Valtteri had been leading, we would have made the decision in his favour."
Finn Bottas said that he "understands" the decision. "It's part of the job," he admitted.
"We are allowed to drive freely. But in modern Formula 1, you have to be a lot faster to overtake, and the conditions were already treacherous.
"So it didn't make sense for the team to take unnecessary risks. I'm not upset about it."
The championship continues with the Hungarian Grand Prix this weekend.