Walsh left Queensland in favour of the Warriors in April and has since starred for the Auckland-based club in his maiden NRL season, even earning a place among the Maroons' State of Origin squad.
The 19-year-old has played 13 games for the Warriors this season, scoring nine tries and handing off a further 10 in a campaign that has him firming with fellow former Bronco Sam Walker for the Dally M Rookie of the Year award.
The duo add to the long list of young stars the Broncos have parted ways with over the last several seasons, placing a stain on the club's retention division.
That department is now understood to be discussing plans to lure Walsh back to Brisbane, with the teen sensation currently contracted to the Warriors until the end of the 2024 season.
The final term of that deal is understood to be an option in Walsh's favour, meaning the Broncos could open discussions with the Southport native toward the end of next year.
Speaking ahead of his side's clash with Walsh and the Warriors this weekend, Broncos coach Kevin Walters stated his disappointment in seeing the fullback leave Red Hill, but said the door would always be open for a return.
“We never wanted to lose Reece,” Walters said, per The Courier Mail.
“We are a Queensland-based club and I had high hopes for Reece to play for the Broncos.
“I’m not sure what will happen down the track, but Reece is always welcome back here, certainly.”
Walters has looked to secure the services of his young talent stocks this year, re-signing a bevy of names for the future.