The 34-year-old hasn’t had a club since leaving Fleetwood town at the start of this season. He’s now training with the Buddies as he aims to win a contract.
Wallace hasn’t been seen in Scottish football since 2006 when he left Celtic for Sunderland.
Wallace would add experience to St Mirren
A creative player with a focus on technical ability rather than physical attributes, Wallace can play on the wings or perhaps in an attacking midfield role as he gets older.
After his stint with Sunderland, Wallace moved to Preston, initially on loan before making his deal permanent in 2009.
It would only be a year before he was on the move again, this time switching Deepdale for Turf Moor. It is here that Wallace would have the most fruitful spell of his career.
He made just under 165 appearances for the Clarets in what was a memorable spell. Since then he has played for Sheffield Wednesday and Fleetwood Town.
Now St Mirren could be the next destination for Wallace.