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Defender Kevin Amankwaah, 27, winger Jon-Paul McGovern, 29 and 30-year-old goalkeeper Phil Smith, are all in talks for new deals.
BBC: Kevin Amankwaah
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Mr Wallis's solicitor, Phil Smith, said his client had been "subjected to a terrible ordeal" since his arrest at dawn in July 2011.
BBC: Hacking: No charges for ex-NoW deputy editor
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Paul Emerick, Jamie Corsi, Ashley Smith, Phil Dollman, Gareth Maule, Alix Walker, Lewis Evans and James Harris have all signed contract extensions at Rodney Parade.
BBC: Dragons sign Mustoe and Gustafson