Wright`s future was hanging in the balance after parent club Rovers signalled their intention to sell him after his six-month loan deal at the Greenhous Meadow expired this week.
Manager Graham Turner had been uncertain whether Shrews would be able to hold onto his services with the club unable to agree terms with the Pirates, but that has now been sorted.
The attacking midfielder will be keen to continue where he has left off for the Shropshire outfit over the first half of the season, netting 10 goals to lead their scoring chart.
Source: PA
Source: PA