The Memphis Police Department and Shelby County District Attorney's office held a press conference on Tuesday to announce that Turner, 46, had been indicted and charged with the 1st-degree murder of Wright.
Police said last month that they had found a gun used in the killing in a lake near Walnut, Mississippi, about 75 miles (120 kilometers) east of Memphis.
His severely decayed body was found during the summer of 2010 in a wooded area. "You gotta pray for what you want and that's what I did".
Wright played for the Memphis Grizzlies, Cleveland Cavaliers, Los Angeles Clippers, Atlanta Hawks and Sacramento Kings over the course of 13 seasons in the National Basketball Association. He averaged 8 points per game and more than 6 rebounds per game during his career. She later told police that she believed Wright was carrying a large amount of cash at the time of his disappearance. She also says that she overheard him saying on the phone that he was going to "flip something for $110,000", and that she watched him get into a vehicle with someone she was unable to identify.
Authorities said the investigation is ongoing.
Wright called 911 from his cellphone from a field near the TPC Southwind golf course minutes after midnight on July 19, 2010.
There was a $21,000 reward being offered for any information leading to an arrest.
Dispatchers said they didn't alert patrol officers or commanders because they couldn't confirm it came from their jurisdiction.
Wright's mother filed a missing-person report with Collierville police on July 22, 2010. When Wright was found, the former athlete had two gunshot wounds in his head, two bullets in his chest and bullet fragments in his forearm.