Cameron, an assistant coach at the Hawks, has been touted as a possible replacement for Rodney Eade at the Bulldogs.
Before crossing to the Hawks in September 2010, Cameron had been an assistant to Eade at the Whitten Oval, where he also played 172 games, winning the club's best and fairest in 1993.
"I think that's all hypothetical," Fox said on Wednesday when asked about the prospect of releasing Cameron from his contract before the Hawks' season ended.
"I think we'd deal with that at the time.
"At the moment I would see that the coaching team will not change until the end of the finals campaign."
Hawks coach Alastair Clarkson was released immediately by Port Adelaide, where he was an assistant to Mark Williams, when he won the senior role at Waverley during the Power's 2004 finals campaign.
More recently, Brad Scott left Collingwood midway through the 2009 finals when he was appointed to coach North Melbourne.
Cameron has two years to run on his contract with Hawthorn, and Fox said the club would love to keep him if it could.
"He's certainly part of [our future]," Fox said.
"He's contracted for another two years and he's a valued member of our coaching department.
"We'd love to keep him, but if he ended up getting a senior job you'd wish him all the best."
Hawks skipper Luke Hodge and AFL Coaches Association president David Parkin both endorsed Cameron as a potential senior coach.
Hodge joked that as forwards coach, Cameron had done a good job handling superstar spearhead Lance Franklin.
"Leon's been outstanding this year," Hodge said.
"He's been in charge of 'Frank' (Franklin) and telling him what to do, which is hard enough in itself.
"So he's been really good for us."
Parkin said Cameron stood out as one of "three or four" current assistant coaches who appeared ready to take the next step.
"From my understanding within the coaches association, he has a very strong profile, is very well respected and very good at what he does," Parkin said.
"Certainly having someone who has gone away and has a good understanding of what's happening elsewhere would be a good choice, there's no doubt about that."
