According to a blog post at boston.com, the agent for Rasheed Wallace confirmed that the veteran plans to retire. New Celtic Shaquille O’Neal fueled speculation that Wallace might change his mind and play in 2010-11, but apparently the persuading from Shaq and fellow Celtics newcomer Jermaine O’Neal did not work.

Celtics president of basketball operations Danny Ainge reportedly has been using Wallace’s contract as trade bait, as Ainge has said all along that Wallace would not return to the team.