With Lockyer entering the final weeks of his glittering career, the Broncos have opened talks with Wallace, who will succeed the Test skipper as Brisbane’s chief playmaker.
Wallace is off contract at the end of next year, but the Broncos want the former NSW Origin halfback calling the shots for the long haul as they confront life without Lockyer.
The Broncos and Wallace’s manager, Allan Gainey, have yet to settle on terms but the halfback is likely to get at least a two-year extension, keeping him at Red Hill until the end of 2014.
Broncos operations chief Andrew Gee has brokered a number of significant deals this season, signing Queensland Origin trio Corey Parker (until 2014), Justin Hodges (2014) and Sam Thaiday (2015) to long-term contracts.
Wallace is the next piece in the retention puzzle, with the flame-haired playmaker hoping to ink an upgraded deal after Brisbane’s finals charge.
Wallace, who turns 26 in October, has found his niche since joining the Broncos in 2008.