The left-back, who has represented England at Under-16 and Under-17 level, joins the Sky Bet League One club on loan for the rest of the season.

Wallace, 21, has made 24 appearances for the Blades since arriving from Ilkeston in November 2014.

"He will be available for Saturday's game against Coventry City," Fleetwood confirmed on their official Twitter account.

Fleetwood later announced that midfielder Ricardo Kip had joined Dutch outfit SC Cambuur on loan until the end of the season.