Purpose: To propose a wave-encoded model-based deep learning (wave-MoDL) strategy for highly accelerated 3D imaging and joint multi-contrast image reconstruction, and further extend this to enable rapid quantitative imaging using an interleaved look-locker acquisition sequence with T2 preparation pulse (3D-QALAS). Method: Recently introduced MoDL technique successfully incorporates convolutional neural network (CNN)-based regularizers into physics-based parallel imaging reconstruction using a small number of network parameters. Wave-CAIPI is an emerging parallel imaging method that accelerates the imaging speed by employing sinusoidal gradients in the phase- and slice-encoding directions during the readout to take better advantage of 3D coil sensitivity profiles. In wave-MoDL, we propose to combine the wave-encoding strategy with unrolled network constraints to accelerate the acquisition speed while enforcing wave-encoded data consistency. We further extend wave-MoDL to reconstruct multi-contrast data with controlled aliasing in parallel imaging (CAIPI) sampling patterns to leverage similarity between multiple images to improve the reconstruction quality. Result: Wave-MoDL enables a 47-second MPRAGE acquisition at 1 mm resolution at 16-fold acceleration. For quantitative imaging, wave-MoDL permits a 2-minute acquisition for T1, T2, and proton density mapping at 1 mm resolution at 12-fold acceleration, from which contrast weighted images can be synthesized as well. Conclusion: Wave-MoDL allows rapid MR acquisition and high-fidelity image reconstruction and may facilitate clinical and neuroscientific applications by incorporating unrolled neural networks into wave-CAIPI reconstruction.