The former Carlton and Brisbane Lions spearhead's chances of finding a third AFL club appear remote, with the 30-year-old admitting nobody has contacted him about playing next season.
But Fevola has been doing his homework, naming Collingwood, Western Bulldogs, Hawthorn and the Sydney Swans as clubs he believes could benefit from his services.
Fevola is also interested in a possible switch to the NFL, saying he has undertaken punting training, but still feels he has something to offer the AFL.
"I don't know if I can find a home, but I still want to play AFL obviously," he told afl.com.au's Trade Week Radio.
"There's five or six teams that could suit a full-forward that are vying for a premiership. That's probably the window you'd be looking at.
"I could still play another three, four, five years I would've thought.
"The body's in-tact and I haven't had any bad injuries, touch wood. It's just a matter of getting the opportunity I suppose."
Former Richmond coach Wallace was a key figure in the Tigers' decision to bring Cousins to the club, which resulted in the former West Coast skipper playing two more seasons in the AFL.
Wallace believes that means Fevola shouldn't give up hope, although he thinks it's unlikely he will get another chance.
"It's not really about deserving a go," Wallace said.
"Most people are happy to give people a second chance. Most people are happy to give people a third and fourth chance, to be honest.
"But is there a club out there that is going to turn around and say 'yes, we'll take the risk'?
"In the Ben Cousins circumstance, it took really almost until the death knock for that to happen.
"It could possibly still happen for Brendan, it's not sounding that way at the moment, but certainly it didn't sound that way for Ben either."
Fevola wasn't too keen on comparisons with Cousins, but did concede the only contract he could hope for would be at the AFL minimum and with behaviour clauses.
"I think it's a bit of a different case with Ben and what he went through and what I've gone through," Fevola said.
"If I sat down with a club and got a contract, it'd be the minimum, there would be clauses in there that if I went out on the drink, it'd be terminated straight away.
"If there was one hiccup it'd be straight out the door and the club wouldn't lose too much. "
Fevola showed some decent form in the back half of this season with Casey in the VFL, but doesn't think he will return to the Scorpions in 2012.
He does believe, however, he could get himself into the right shape to compete at the top level.
"I'm a very young 30," he said. "I don't think I've lost too much of my speed and thought I got that back towards the end of this year in the VFL.
"Speed's not the issue, it's just a matter of getting super fit again.
No trades are official until paperwork has been accepted by the AFL and formally recognised after 2pm on Monday, October 17.
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The views in this article are those of the author and not necessarily of the AFL or the clubs
