Chelsea plan to recall a number of their loanees in January.
The champs have no less than 34 players out on-loan this season.
The Mirror says Chelsea are invoking clauses to cut short a number of loan spells early.
Brazilian £5million defender Wallace, who has yet to make a first-team outing, is heading back from a spell with Italian side Carpi after making just one start.
Islam Feruz will terminate his spell in Scotland with Hibernian to put Championship clubs on alert.