Whyte was forced to pull out of his recent rematch with Wallin due to injury but the Swede is hopeful that the WBC will order the fight to be rescheduled - which would give both men the chance to face Tyson Fury.
Wallin's promoter Dmitriy Salita told Sky Sports: "The fight has to be rescheduled for a later date and the winner of that fight should fight Tyson Fury.
"Anything else would be unfair to the sport of boxing, and unfair to Otto Wallin.
"We're definitely going to petition the WBC to make a decision."
Whyte is expecting to be confirmed as Fury's latest opponent and recently declared that he was looking forward to the all-British bout.
He said last week: "It's one that I'm looking forward to. I think Tyson Fury will look forward to fighting me as well.
"We know each other well. We've sparred each other, we've spent time with each other, we've had all ups and downs and our beefs and stuff.
"But I think logically he'll think, 'You know what, this is a big fight, a good homecoming fight and I think it should happen.'"
Fury's US promoter Bob Arum hopes that The Gypsy King can take on Whyte as he feels it would be a popular bout in the UK.
Arum said: "It is very, very important that Tyson, having done his last five fights in the US, that he goes back and does a fight in the UK.
"He is a Brit, he has plenty of fans in the UK, and if he does a fight in the UK, then comes back to the US, he will bring 10,000 Brits with him."