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The wolves rekindle their interest in Wallace, according to reports in Italy.
The 25-year-old seems to be about to leave Lazio behind as he moved to Molineux last season.
Lazio News claims he is destined to leave Rome once back after spending last season on loan with Braga, the Portuguese team that sold him to Lazio.
The report says the wolves “love him very much” and refers to the that as a Brazilian he will want a paint permit to play in the Premier League.
The wolves were thought to get a close to 7 million euro acquisition last season, but the move fell through. Wallace, who is a Jorge Mendes consumer, still has one year left on his current contract.
They have Conor Coady, Wily Boly, Romain Saiss and even Leander Dendoncker as front row in the middle of the middle.