He joined Town in August 2009 after impressing former manager Paul Simpson.
Bright, who was on stand-by for New Zealand's 2010 World Cup squad, was recommended to Simpson after impressing during a trial with Norwich City.
In the 28 games he played for Shrewsbury he only managed to score two goals and with the summer arrival of Matt Harrold and the resurgence in form of Jake Robinson, Bright has found himself further down the pecking order.
Bright, who has represented New Zealand from Under-15s up to senior level, missed out on the final 23-man squad for the 2010 World Cup but was named as one of seven non-travelling reserves.
He joined Shrewsbury after leaving Greek side Panserraikos by mutual consent.
Source: BBC Sport
Source: BBC Sport