Kenny Wallace wrote in his SpeedTv.com blog that the 52-year-old former Cup champion is pondering a return to the Sprint Cup Series, and said it was rumored he'd fill a seat at Dale Earnhardt Inc.
Rusty Wallace retired after the 2005 season and is currently an analyst for ABC and ESPN.
"I love Kenny to death -- he's been trying to get me back in a car ever since I retired after 2005," Rusty Wallace said in a statement issued through his son, Greg. "While any rumors like this are certainly flattering, they're untrue. I have a long-term commitment to ABC and ESPN and I really love what I'm doing right now."
In his blog, Kenny Wallace wrote: "He's considering this huge move because he watched Brett Favre come out of retirement in the NFL and his good friend Mark Martin is giving it another shot next year at Hendrick," Kenny Wallace wrote in the Tuesday night post.
"If Mark had quit, Rusty would have been comfortable with his retirement. But watching Mark, who is a couple of years younger than my brother, stage this comeback has really tugged on Rusty's heartstrings."
DEI lost driver Paul Menard on Tuesday when he said he was taking his sponsorship to Yates Racing, leaving DEI with an open driver slot and in need of sponsorship for three of its four cars.
DEI president Max Siegel said he has not spoken to Wallace about driving for the team.
Wallace made the Chase for the championship in 2005, his final season. He was winless that year but finished eighth in the final season standings.
The 1989 Cup champion, Wallace won 55 races over 25 years while becoming one of NASCAR's superstars.
"He pulled the plug on his NASCAR career a year or two too early and he knew it six months after he quit," Kenny Wallace wrote. "Rusty has told me numerous times he can outrun half the drivers in the Cup Series, and he truly is giving a lot of thought to returning to the track."
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