Wallace came to Penn State as a three-star prospect and a bit of an under-the-radar name, as he started playing football late and was initially viewed as a basketball prospect. In the transfer portal, 247Sports had him ranked as the 57th-best prospect and the No. 16 wide receiver.

As numerous Penn State players look for other opportunities following Jan. 9's Orange Bowl loss to Notre Dame, the program's leading wide receiver has reportedly found a new home. Per Hayes Fawcett of On3.

The Ole Miss Rebels had been relatively quiet in the transfer portal over the last few weeks, but that changed on Sunday as they added a commitment from former Penn State Nittany Lions wide receiver Trey Wallace.