46-year-old suspect Billy Turner was apprehended at a gas station and charged with first-degree murder.
One of the most infamous unsolved cases in Memphis sports history just took a step toward resolution.
She told WREG-TV in Memphis on Tuesday that she had been told an arrest was made.
Wright played for the Memphis Grizzlies and four other National Basketball Association teams as a forward and center over 13 seasons before retiring in 2009.
Police re-opened the case in November after they purportedly found a gun that was used to shoot Lorenzen in a lake in the small town of Walnut, Mississippi, roughly 75 miles east of Memphis. He averaged 8 points per game and more than 6 rebounds per game during his career. Former NBA players and friends including Anfernee Hardaway and Elliot Perry attended a memorial service for Wright in the days after his body was found. After three seasons in L.A., Wright bounced around from the Hawks to the Grizzlies and then finished with stops in Sacramento and Cleveland. According to an affidavit, Sherra Wright told police she saw him leave her home carrying money and a box of drugs.
"They just called me to say they have some good news", Wright's mother Deborah told the Commercial Appeal in Memphis last month.
Wright was out of the National Basketball Association and living in Atlanta at the time of his death but was visiting Memphis. "They said they found the murder weapon".
Emergency dispatchers later revealed a 911 call came from Wright's cellphone near a Memphis suburb on the morning of July 19. Soon after, police offered a $21,000 reward for information about the case. That info was not given to the Memphis PD until several days later and authorities also failed to make a timely connection to the missing person report.
His severely decayed body was found during the summer of 2010 in a wooded area.