Negotiations between Wallace and the Broncos have dragged on since the end of last season, with no offer yet on the table despite plans to have a deal sorted by Christmas.
The former NSW Origin halfback is seeking a three-year contract and his manager Allan Gainey has no doubt the Broncos are keen to re-sign the 26-year-old.
But the club has to juggle their salary cap, which may mean waiting until the TV rights deal is sorted.
The Broncos have publicly stated their intention to retain their current squad, rejecting rumours they are interested in Melbourne’s Cooper Cronk or Manly’s Daly Cherry-Evans (unavailable until 2014).
The club announced the retention of five key young guns last month, including Ben Hunt who, with off-contract Corey Norman, is a potential challenger to Wallace’s mortgage on the No.7 jersey.
There are no fears Wallace is being squeezed out for the emerging young stars, but the longer he remains a free agent the greater the risk of being poached.