However, La Canfora admits that “it remains to be seen how the Steelers feel about that.”
According to La Canfora, Wallace is the only name being actively shopped around the league right now, as the Dolphins are working to gauge the level of interest in him.
The problem for Miami is the fact that Wallace’s contract is prohibitive in its current form, as he stands to make around $12 million per year over the remainder of the agreement. On top of that, $8.5 million of his 2015 base salary becomes fully guaranteed on March 13.
Recent reports have said that Wallace has no intention of taking a pay cut, which could force the Dolphins to cut him loose before March 13. This has to be Wallace’s preferred option as it would allow him to sign with a team of his choosing.
The problem with the idea of Wallace returning to Pittsburgh is that they really don’t have a lot of cap space to work with and they’ve added some young receivers in recent years, so it’s not exactly at the top of their roster needs.
Wallace, 28, signed a five-year, $60 million contract that included $30 million guaranteed with Miami back in 2013, so it clearly disappointing that this is something being talked about just a few years into this agreement.
This season, Wallace caught 67 passses for 862 yards receiving and 10 touchdowns over the course of 16 games. Pro Football Focus has him rated as the N0. 53 receiver out of 110 qualifying players.
We’ll have more regarding Wallace and what could happen with him as the news is available.