Wallace, a free-agent signing from the Minnesota Vikings, likely will be placed on the non-football injury list until he passes the test. He narrowly failed the test Wednesday and is expected to be on the field over the next couple of days after he passes it.
This isn't a major concern for the Ravens. Other players such as defensive tackle Haloti Ngata, defensive back Lardarius Webb and wide receiver Jacoby Jones have failed the conditioning test in the past.
Wallace, 29, signed a two-year, $11.5 million deal with Baltimore in March. He is coming off a season in which he had career lows in 473 yards receiving and two touchdowns.