ORLANDO (CBSMiami) – Mike Wallace was the Miami Dolphins’ signature free agent signing last season, but he could be on his way out of Miami as trade winds may be blowing at the NFL owners meetings.

According to Jason LaCanfora of CBSSports.com, the Dolphins have renewed attempts to trade Wallace during the ongoing league meetings in Orlando. LaCanfora has previously reported that Wallace, Dion Jordan, and possibly others are being shopped by the Fins.

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Officially, Miami has denied any interest in moving Wallace or Jordan. But, LaCanfora reported that a possibility being talked about around the league would be moving Wallace to Philadelphia in exchange for disgruntled Eagles wide receiver DeSean Jackson.

However, recent reports out of Miami have stated Wallace has been working with Dolphins quarterback Ryan Tannehill to get on the same page with routes and timing. So if Miami is shopping him, it might come as a surprise to him and Tannehill.

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Complicating matters further for Miami is Wallace’s eye-popping contract and salary cap numbers this season. Wallace counts $17.25 million against the salary cap this season with a base salary of $15 million on the books.

Trading Wallace would incur an immediate cap hit of approximately $8.8 million, but the Fins could sustain it this year due to plenty of salary cap space. Next season, Wallace’s contract will have a cap number of $12.1 million and then $13.7 million for the two seasons after that.

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Still, it’s hard to see any team deciding to trade for Wallace’s bloated contract this year. It’s likely the Dolphins keep Wallace and try to move him next year or cut him after next season when the cap hits decrease.