The photo, used for the inside gatefold of the 1986 album The Queen is Dead, shows the four members of the band outside the Salford Lads Club.
The club has since become a Mecca for fans of the band, who split in 1987.
"I never anticipated that one of my photographs would still be being talked about after 20 years," said Wright.
The photographer has snapped some of the world's most famous performers, including Madonna, U2 and James Brown.
He also supplied the Strangeways road sign image for the Smiths' final album, Strangeways Here We Come.
Formed in 1982 by singer Morrissey and guitarist Johnny Marr, the band's other releases include 1985's Meat is Murder.
After the group disbanded Morrissey embarked on a solo career. In 2004 he released his first album, You are the Quarry, for seven years.
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