We spoke with Wallace recently and he gave us a list of schools he's been hearing from to date.
Wallace told us that St. Mary's, UNLV, Wyoming and Northern Arizona have offered scholarships.
We asked Wallace what he is looking for in a school.
"Playing time and fitting in with the offensive philosophy they have are the big things," said Wallace. "Location is not really a big deal to me."
Wallace has been on unofficial visits to UNLV and Arizona State. We asked him if there are any schools he's pretty sure he'll like to visit officially.
"Probably Texas Tech, Penn State and Vanderbilt," said Wallace.
When questioned about the timing of his decision, Wallace replied, "I'd like to sign in the fall. I'll probably decide sometime before my senior year."
Wallace told us he has a 3.1 GPA and a qualifying ACT score.