Van Gerwen went into the match on a high after ending Phil Taylor’s dream of winning a seventh and final title in Wolverhampton.
The Dutchman was far too strong for his opponent, recording a 16-8 victory.
Wright, meanwhile, saw off Gary Anderson in the semi-final.
However, Van Gerwen edged out his opponent to take the prize, having kicked on after trailing 8-7 at one point.
He managed to stage a fightback to take the trophy when Wright thought he was heading towards the title.
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Meanwhile, earlier today, Van Gerwen admitted to calling Taylor a “kn*b” during their semi-final.
“He tried a few of his tricks, what he always does,” Van Gerwen told Sky Sports.
“In the break I wasn’t allowed to cheer from my own throw. I don’t know why when I finished a 74.
“What can I say? Honestly, you want to know honestly? I just walked off, had a little nip of my drink.
“He came to me ‘you shouldn’t do this, you shouldn’t do that’.
“I just said ‘you’re a kn*b’ again, that’s exactly what I said.
“Then he was annoyed at what I said, I don’t know why but something always happens in-between our games, after or before.
“But I also thinks it’s our rivalries in our games because we don’t want to lose to each other, we try to present our best all the time.
“Maybe I shouldn’t say it but I still think it was a good game for everyone to watch and that’s what is most important.”