That is a scenario that could make sense in the offseason, but the Colts lack of a second round pick will complicate the deal. The Colts will be unlikely to give up their first round pick, which is likely to be in the mid first, so the Steelers would probably be looking at a situation where they would get a 3 this year and, perhaps, a 2 next year.
I would think that Wallace would garner plenty of interest on the trade market and that the Colts would not be the only option.
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