In this paper, the authors mainly emphasis on improving speed performance of signed multiplication using radix-32 modified Booths algorithm and Wallace structure. It is intended for fixed length 64x64-bit operands. 3:2 and 4:2 compressors used in Wallace tree structure gather partial products. Using both compressor, number of levels has been compact that also origins increasing the speed of multiplier. An effective VHDL code has been written and effectively produced and replicated using Xilinx ISE 9.2i and model sim PE student edition 10.2c.