Wallace caught 52 passes for 748 yards and four touchdowns for the Baltimore Ravens in 2017. The 31-year-old will fill the void left by Torrey Smith, whom the Eagles traded to the Carolina Panthers earlier this month.
CBSSports.com's Will Brinson is a fan of this move as a reaction to the Smith trade:
Going from Smith to Wallace may even be an on-field upgrade (not counting the cap ramifications).
Football Outsiders ranked Wallace 47th in DYAR (defense-adjusted yards above replacement) among qualified wideouts in 2017, while Smith came in 73rd. Wallace also sat 38th in Bleacher Report's NFL1000 year-end rankings of the top outside receivers, noticeably higher than Smith (No. 99).
Wallace was miscast as a No. 1 option for the Ravens and Miami Dolphins after he left the Pittsburgh Steelers in 2013, but he won't need to occupy that role in Philadelphia. Alshon Jeffery, Nelson Agholor and even Zach Ertz could be ahead of Wallace in the pecking order if Smith's usage is any indicator. Smith's 67 targets were fourth-most on the team last season.
Wallace will provide a different dimension for Philadelphia as well, since his 14.4 yards per reception in 2017 would've ranked first on the Eagles. The 2011 Pro Bowler still has the speed to be a downfield threat.
Between the addition of Wallace and having Jay Ajayi for a full season to go along with what was already a solid foundation, the Eagles should have one of the NFL's most dynamic offenses in 2018.