Jeff Darlington is reporting that the two sides have in fact reached an agreement. Wallace is reportedly taking a physical.
ESPN’s John Clayton (via Adam Schefter) reports that Wallace will is expected to receive a five-year deal worth up to $65 million.
The Dolphins have been the clear favorite for awhile now, so it’s not surprising to see things coming together quickly.
We have him listed as the No. 1 best available player in our Top 50 Free Agents list.