The Dolphins are in need of a deep threat for quarterback Ryan Tannehill and might be willing to meet Wallace's price tag, which could be in the $60 million range.
Of course, as the Dolphins well know, coveting Wallace and signing him are two vastly different things. The Dolphins have whiffed before when going after high profile coaches (Jim Harbaugh, Jeff Fisher) and players (Peyton Manning).
But that probably won't stop them from making a serious run to lure Wallace to South Beach.
Follow me on Twitter @terrymc13
Terry McCormick covers the Titans for TitanInsider.comFollow @footballpost on Twitter for the latest news
This story originally appeared on Nationalfootballpost.com