Fairfax Media understands that Wright and the Suns have signed off on a one-year extension that will keep the tall forward at the club in 2017.
The club’s first pick, at No.8 in the 2014 draft, Wright played three games in his debut season last year.
The 203cm forward was drafted to the club with close friend Touk Miller, and impressed in the Suns’ opening NAB Challenge game.
The Suns are also understood to be close to finalising a new deal for Kade Kolodjashnij, who finished second in the club’s best and fairest count last year.
“I’m rapt to be re-signing with Gold Coast, I really felt now was the best time to extend my contract with the Suns,” Wright told the club’s website.
“This gives me the chance to become the player that both I, and the club, want me to be. I’m incredibly grateful to the club for their commitment and belief in me and I can’t wait to get out there and play some good footy.
“I’m loving my time on the Gold Coast, we have a really close group of players and we are all excited in the direction the club, especially this pre-season.
“As a team we know we still have plenty of improvement and hard work ahead of us and we believe this year is an opportunity for us to gain greater respect on and off the field and demonstrate that we are prepared to make the sacrifices required to be a strong AFL club.”