Soldato
I follow the instructions for the care balm which, IIRC, is just massage in and then buff off with a clean cloth. The seats are quite slippery for a few days after - not a problem, makes it easier to get in and out of the car if anything, I just thought that it might have the same effect on the wheel. I tend to avoid using any sort of "product" on the wheel, gear stick or handbrake lever just in case it has the same effect, I just give them a good wipe with a clean, damp cloth or maybe some all purpose cleaner.
Maybe try it on the bottom of the wheel or something to see how it feels? worst case scenario any decent cleaner should get rid of it. I've used all kinds of steering wheel etc and none really make a big difference bar some interior wipes that I have which result in a sticky wheel/knob