Microsoft's Xbox 360 Wireless Speed Wheel was released in 2011 to accompany Forza Motorsports 4. This page includes repair information for the model number 1470. The model number is found on a black sticker located on the back of the controller.
The RF frequency between consoles is different. It can't be done unless you can modify it to run at Xbox One RF range (I don't know what it is sadly) and alter the firmware.