The team later confirmed the signing.
It's a solid pickup for the Ravens, who played minus a bona fide deep threat last season. Wallace turns 30 in August, but the eighth-year pro still houses the speed to make a difference in the right system.
Don't expect a miracle-worker, though, because Wallace was a disappointment in Minnesota. Hauling in just 39 grabs for 473 yards and two touchdowns, he cracked 60 yards receiving just twice in 2015. Wallace also slumped hard during a stretch from Week 7 to Week 11 that saw him catch only two passes.