The England midfielder has been in scintillating form for the north London club in recent weeks after a return of five goals in three Premier League games.
Alli scored either side of half-time in Tottenham’s 2-0 win against Premier League leaders Chelsea at White Hart Lane last week.
The 20-year-old has now scored 10 times in 19 appearances in the English top flight to match his tally from the 2015-16 season.
Alli has been linked with a move to La Liga giants Barcelona and Real Madrid in recent days, while there also been reported interest from China.
Speaking to BBC’s 606 podcast after Tottenham’s 2-0 win against Aston Villa in the third round of the FA Cup on Sunday evening, Wright backed Alli to opt for a move to Real Madrid ahead of the riches in China when the Spurs man eventually decides to seek a new challenge.
“I see Dele Alli at Real Madrid in some stage in his career,” Wright said.
“Even if China offered him £2m a week and Real Madrid offered him £150,000 a week, he’d go to Real Madrid.”
Wright added: “He can do anything he wants on a football pitch.”
Tottenham finished in third place in the Premier League table last season.
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