Delicate contract negotiations between Wallace and the Broncos have dragged on for months and there were fears the star halfback could be lost to the club following interest from a number of rival clubs, including Souths and Penrith.It’s understood the protracted saga is all but over with Wallace giving verbal assurances he wants to remain in Brisbane.
Broncos operations chief Andrew Gee said Wallace had yet to formally re-sign but hopes to finalise terms when the halfback’s manager Allan Gainey returns from holiday next week.
An upgraded two or three-year deal is expected to be announced before Brisbane’s season-opener against Parramatta on March 2.
The development is a significant boost for the Broncos, who regard Wallace as the senior playmaker equipped to steer them to a premiership in the post-Darren Lockyer era.
Aiding the Broncos’ impending retention of Wallace is the cooling interest of the Panthers, who are set to announce a new deal for halfback Luke Walsh.
Penrith general manager of football Phil Gould yesterday ruled out a big-money play for Wallace.