I think you can still get quality leather kits that lace up.   They
come in a variety of plausible colors and look pretty good.   You'll
spend a fair bit of a rainy afternoon in the garage the first time you
do one, as with many repairs, but reading the instructions (which if
memory serves include several  options for lacing style and dealing
with spokes), visualizing, and taking your time should yield good
results.

I've never fixed a modern squooshy vinyl-over-thick-padding wheel, and
hopefully somebody who has done so will chime in.

There are  general leather and vinyl repair kits that you might want
to try, though I think they are mostly meant for flattish and/or
relatively nonmoving surfaces, like dashboards or seats or door
panels, and the combination of tight curves and constant handling on a
steering wheel might challenge them (or maybe not feel so good to the
hands).

Cheers,
--Joe