Ronnie Moore's men were thumped 5-0 at the County Ground on Friday night, a result that ultimately ended their long stay at the npower League One summit.
The club posted a statement on their official website after the match confirming that the Rovers squad would be forced to watch a DVD of the game in full at Prenton Park on Sunday morning.
Wallace may offer his team-mates a timely boost in midfield after Moore earmarked the Boxing Day clash with Alex as a potential return date from his medial knee ligament injury.
Donervon Daniel and Michael Kay may push for starts in defence after being introduced at half-time with the score 4-0 at Swindon.
Forward Jean-Louis Akpa Akpro (broken metatarsal) and winger Abdulai Bell-Baggie (lateral knee ligament) remain sidelined.