"This is where I've been at the whole time. I don't know anything else. I'd love to be here," Wallace said. "I love my teammates, love my coaches, so it could definitely be the best situation for me, but we'll know in two or three months.
"I just want to be a in good situation, a good fit for myself, no matter if it's here or somewhere else. I just want to be in a good situation. Money is not really the problem."
Despite contract issues at the beginning of the season, Wallace missed just one game this year. He caught 64 passes for 836 yards and eight touchdowns.
Wallace has spent his entire four-year career with the Steelers. In 63 games, Wallace has 4,042 yards and 32 touchdowns on 235 catches. He's led the Steelers in receiving yards in each of the last three seasons, although 2012 did not live up to his usual standards.
Steelers offensive coordinator Todd Haley incorporates a ball-control offense, which Wallace said is a "decent fit" for him. Wallace said it could be a good fit for him if he had a "better mindset going into it."
Wallace was a third-round pick in the 2009 NFL Draft out of Ole Miss. In his senior season, he caught 39 passes for 784 yards and seven touchdowns.