Wallace, 32, is a former third-round pick of the Steelers back in 2009. He spent four years in Pittsburgh before signing on with the Dolphins in 2013.
Wallace was later traded to the Vikings before the cut him loose after one season. Wallace spent the past two seasons with the Ravens before signing a one-year, $1.915 million contract with the Eagles this past March.
The Eagles placed Wallace on injured reserve a few weeks into the regular season.
In 2018, Wallace has appeared in two games, but has yet to catch a single pass.