Nico Rosberg has been spared any on-track punishment following his collision with team-mate Lewis Hamilton in the controversial Belgian Grand Prix.
Mercedes confirmed taking "suitable disciplinary measures" against Rosberg following what the team's motorsport boss Wolff has described as a "professional" meeting on Friday at the team's headquarters in Brackley.
Wolff declined to reveal the exact nature of Rosberg's punishment, although it is understood, despite his multi-millionaire status and big-money contract with Mercedes, he has been hit with a severe financial penalty.
Crucially, the 29-year-old German - and Hamilton - have been reminded of their duties and responsibilities to the team, and that further breaches of discipline will not be tolerated.
What Mercedes have made clear is that 'payback' for Hamilton was not in their thinking. The Briton was ultimately forced to retire in Spa after his second-lap collision with Rosberg caused a puncture.
With Rosberg going on to finish second and open up a 29-point gap at the top of the drivers' standings, it had been suggested he could be forced to yield position, either in a future qualifying session or grand prix, or even be handed a race ban.
But Wolff rejected that speculation and told Press Association Sport: "The team discussed at length what the consequences could be.
"But there is one thing we stand for at Mercedes-Benz, and this is racing, straight and fair racing, and we remain committed to that.
"Both drivers are racing at the absolute limit against each other, and we are not going to interfere in the race result, or pre-agree any race result. This is not what we will ever do.
"When the racing happens we need to react sometimes, but we will not pre-agree in favour of one or the other. This is not what we do."
It was a heated post-race meeting at Spa on Sunday, with Hamilton saying afterwards that Rosberg had admitted driving into him on purpose "to prove a point".
After letting a few days to pass for tempers to cool, Wolff has revealed the Friday meeting in the boardroom at the team's Brackley headquarters between himself, the drivers and executive technical director Paddy Lowe went well as the quartet reviewed what was a damaging result.
"The meeting reminded us again of the circumstances and that the outcome was unacceptable and painful," added Wolff.
"But considering what happened (at Spa) was not a satisfactory situation at all, the meeting was professional and I think the outcome was okay.
"Sometimes you need situations like this to clear the air, to enable us to move forward stronger as a team with clear rules.
"Just to add, we didn't oblige or force Nico to make an apology. It was his decision. He said he had looked at things and that was what he had decided."
Hamilton suggested post-race he would struggle to trust Rosberg in future, and it remains to be seen over the final seven races what will transpire when they go wheel-to-wheel again.
Regarding trust between them, Wolff added: "The drivers have to respect each other, and this is what they do.
"But you can never expect to avoid a bumpy ride when you have two drivers from the same team in a world championship fight."