Serie A new boys Carpi are set to sign Chelsea fullback Wallace.
The Brazilian spent last season on-loan with Vitesse Arnhem and is set to continue his football education in Italy.
Wallace, 21, joined Chelsea from Fluminense in 2013 but is yet to make a first-team appearance for the Blues.
He is set to put pen-to-paper on a season-long loan deal with Carpi, after arriving in Italy this morning.