Ben Roethlisberger and Steeler Nation can finally exhale and look forward to starting the season with their entire wide receiving corps intact.
A few questions still remain, however, like if Wallace will still be disgruntled with the organization for not rewarding him with a long-term contract, or if he'll be in game shape and ready for the long and grueling NFL season.
Regardless, Wallace is one of the premier wide receivers in the NFL and undoubtedly one of the quickest, so his his presence will certainly be welcomed.
Here are three players that will benefit the most from Wallace's impending return back to the Steelers.
Heath Miller, Tight End
Miller has progressively become less involved in the offense throughout the past couple years, specifically in the red zone. The tight end averaged six touchdown catches a season during his first three years in the league but has only managed to catch two in each of the previous two seasons.
But where Miller excels is running the underneath routes and picking up tough yards on third-down situations. So with the return of Wallace to stretch the field, it will open up much more room for Miller to roam free and do all the dirty work down low.
Antonio Brown, Wide Receiver
While it would've been a tough pill to swallow, the emergence of Antonio Brown last season would've allowed the Steelers to survive without Wallace, had he elected to prolong his holdout well into the regular season.
While he doesn't have Wallace's blistering speed or route-running ability, he's equally as dangerous when he gets into the open field.
Just watch this play and notice how ridiculous he makes the Indianapolis Colts' defense look.
Brown is going to emerge as one of the most electrifying players in the NFL in the near future, and the return of Wallace is only going to help expedite that process. For the time being, Brown is much more suited to be a No. 2 receiver, but that could very well change later on.
Ben Roethlisberger, Quarterback
It isn't exactly an earth-shattering statement to say that having the team's top wide receiver return will help the quarterback, but Wallace and Roethlisberger are a match made in heaven.
Not only have they established a rapport with one another, but Wallace's speed complements Roethlisberger's abilities and strengths perfectly.
Big Ben is able to be successful in this league because of his ability to extend plays in the pocket and buy time for his receivers to get open down field. And with Wallace sprinting all over the field when a play breaks down and Roethlisberger has to escape the pocket, it becomes almost impossible for defensive backs to keep up with him.
Cornerbacks stand a chance when Wallace is only able to run a route or two during a given play. But as soon as he's able to improvise and burn his own trail, game over.
Wallace is just too fast.