Valencia and Monaco have reportedly emerged as potential destinations for Lazio defender Wallace.
In the weeks before the end of the summer window for English clubs, the centre-back was heavily linked with a switch to Wolverhampton Wanderers.
However, now that a move failed to materialise, agent Jorge Mendes is attempting to secure a deal for the Brazilian elsewhere.
According to Corriere dello Sport, the player's representative has made contact with both Valencia and Monaco regarding a potential transfer.
The 24-year-old has already featured for the latter in two separate loan spells, making a total of 52 appearances between 2014 and 2016.