The Englishman has been banging in the goals, but Wallace is pleased with the less glamorous side of his colleague's game.
The 25-year-old’s hat-trick against Morton on Sunday brought his tally for the season up to 14, and the former Wigan Athletic man is showing no signs of slowing down.
Wallace, however, made special mention of the excellent defensive contribution his colleague makes in an interview with Rangers.co.uk.
“He is right up there in the scoring charts but his main focus is what he can bring to the team and his work rate off the ball, which again starts with him,” said the Rangers skipper.
“The way we play is that we defend from the front and attack from the back and he is a main part of that.
“He is a difficult opponent to come up against in training, whether it’s in small sided games or the possession based stuff we do.
“Out of possession he is a main part of our team, how he starts the press and the defensive side of our work as well,” he added.
Waghorn’s commitment to working hard from the front highlights the standards demanded by Mark Warburton and suggests a group of players fully on board with the system he wants to implement.
Direct, incisive, possession-based football has been coupled with a real desire off the ball to retrieve possession, and the Gers’ Scottish Championship opposition haven’t been able to live with the playing style.
Better teams will be able to punish such a high intensity method - with a few sharp passes all that’s typically needed to spring a counter-attack on team’s committed to the high press - and whether Warburton sticks entirely to his principles, once promotion to the top-flight is achieved. is another matter altogether.