The Ravens confirmed Wallace was in the facility on Tuesday "and is expected to agree to a contract [Tuesday] afternoon."
Wallace, 29, caught just 39 passes for 473 yards and two touchdowns in 2015. Both his receiving yards and touchdowns were career lows.
After posting two straight seasons with at least 1,100 receiving yards and eight touchdowns with the Pittsburgh Steelers in 2010 and 2011, Wallace has failed to reach 1,000 receiving yards since, though he did haul in 10 touchdown receptions in 2014.
Wallace, who was the top free agent in 2013 and signed a huge contract with the Miami Dolphins, never lived up to expectations in Miami or Minnesota. The Vikings, after trading a fifth-round pick to Miami for him last offseason, saved $11.5 million against the cap by cutting him.
Still, he remains a deep threat who can stretch defenses with his speed. And the Ravens are thin at wideout, with veteran Steve Smith Sr. the team's top returning option even after his 2015 season was cut short due to a torn Achilles. Five-year veteran Kamar Aiken led the team in receptions, yards and touchdowns last season, while 2015 first-round pick Breshad Perriman missed the entire campaign.
In Baltimore, Wallace will certainly have the opportunity to make a bigger impact than he did in Minnesota in 2015.
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