Jordan - who used to own his own team and has dealt with some high-profile personalities - believes that Vettel could be brought in to steady the ship at Mercedes.
Four-time world champion Vettel seemingly still had a lot to give when he walked away from F1, but suffering two seasons at an underperforming Aston Martin team following being axed from Ferrari left him with not too many options.
While Wolff has played down speculation linking Vettel with the team, Jordan believes that a Michael Schumacher-style return could be a possibility for Mercedes in the short term.
“If it was me, and the way that Formula 1 is progressing, I would look at Vettel," he told the Formula for Success podcast. "I think it’s a good choice.
"It makes sense for Mercedes [to have a] German driver in the car, so I think Vettel has to be in the frame because of the major German contact.
"We know what happened with Michael before," Jordan argued citing Schumacher's return to the grid with Mercedes in 2010. "He left Ferrari, where did he go to? Back to Mercedes, so that’s a possibility.”