Wallace hasn't played in an NBA game since Game 7 of the 2010 NBA Finals, alerting the C's shortly before the game that he planned to retire.
Although he had two years remaining on his contract, Wallace and the Celtics came to terms on a buy-out of the remaining years believed to be worth about $1 million.
His return to action has been rumored for weeks, fueled by a decent showing at Pro-Am tournament in North Carolina this summer.
It only became heightened by, according to league sources, a renewed conditioning regimen that apparently has him looking better than he has "in years."
Blakely doesn't name his source, but I would say that if anyone were to report this, you'd be hard-pressed to find someone more believable than Blakely. He served as a Pistons beat writer for years, including many years covering Wallace. He was eventually wooed away by Comcast Sports Net New England (CSNEE). He has covered the Celtics for a couple years now and that includes Wallace's brief time chasing another title with the Celtics.
Just to throw an idea out there, and maybe start a rumor out of thin air, has the prospect of being traded ever looked more inviting for Tayshaun Prince?
The Compton, Calif. native could return to his hometown team, fill a big hole in the Lakers' lineup, play with old friend Rasheed Wallace and maybe even get another title out of the deal.
H/T to Grant E.