Chelsea manager Jose Mourinho has confirmed that teenage right-back Wallace will leave the club on loan this summer.
The 19-year-old Brazilian youth international recently arrived at Stamford Bridge in a £4m move from Fluminense.
"He's a very good player, but he won't be staying with us because we have [Branislav] Ivanovic and [Cesar] Azpilicueta for the same position," Mourinho told reporters. "Because he is non-EU we'll not get the work permit, it'll be too early, so he'll go on loan for a season.
"We'll get the best option for him, in Europe. We want him to adapt. He's very mature for his age, comfortable with the ball. He has the quality of a Brazilian full-back, likes to attack and create.
"So we'll see the best of him - he has talent and is one more investment for this club, a good investment, because the kid is a very good player."
Wallace made his Chelsea debut in Wednesday's 1-0 win over a Singha All Star XI in Bangkok.