A striker, Wallace started his football career at Southampton in 1987, playing 128 league games and scoring 45 goals.
Fellow top-flight team Leeds United signed him for £1.6 million in the summer of 1991, and he helped them win the First Division championship and Charity Shield competition a year later.
[citation needed] He became an integral part of the Leeds squad for the next seven years and was found often playing as an out-and-out striker or in a more wide position.
[4] Wallace won the 1993–94 Goal of the Season competition with a mazy dribble against Tottenham Hotspur in a Premier League game on 17 April 1994.
[7] In 2001, he returned to English football on a free transfer to link up with newly promoted Bolton Wanderers of the Premier League.
[12] In June 2002 he joined Gillingham on a two-year contract and managed to score 12 goals in his first full season at the Priestfield Stadium.
The summer of 2004 saw him return to Southampton in a one-off benefit game organised for elder brother Danny who has been diagnosed with the condition multiple sclerosis.