La Canfora: A deal between Mike Wallace, Steelers becoming more unlikely

It's still possible for Wallace to get a long-term deal before the season starts. (US Presswire)

The following is a report from CBSSports.com's NFL Insider Jason La Canfora. Follow him on Twitter at @JasonLaCanfora.

The Steelers and receiver Mike Wallace will continue contract dialogue this week, but chances of an extension look slim for now, according to league sources.

The Steelers do not engage in contract talks in-season, and that will not change. As we have been reporting for months, Wallace could land a five-year deal worth roughly $50 million with at least half of that guaranteed, but he has been fixated on making $11 million a season or more.

The sides have re-established a dialogue after Wallace ended his holdout but have yet to bridge their gap. Should Wallace accept that the $10-million per season is fair, then a deal is possible prior to their opener next Sunday. But otherwise he stares at the prospect of playing this season for less than $3 million and then could be franchised in 2013 and 2014.