Sheffield Wednesday strengthen further with Wallace signing
New head coach Carlos Carvalhal has already overseen the signings of attacking midfielder Marco Matias from Portuguese club Nacional for a fee in the region of £2m on Wednesday, while Spanish midfielder Alex Lopez from Celta Vigo is expected to join on loan.
Wales international goalkeeper Lewis Price has also joined the club on a one-year deal.
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Hide AdNow former Burnley wideman Wallace has signed a one-year deal.
The Scot, who has one cap for his country, has played for Celtic, Sunderland, Preston and latterly Burnley in the Premier League last season.