The 23-year-old Fryer played last season for the Class A West Virginia Power of the South Atlantic League, batting .335 (129-for-385) with 10 home runs and 63 RBIs in 104 games.
Fryer was Milwaukee's 10th round selection from Ohio State in the 2007 Draft, playing 55 games in left field and 39 games behind the plate. The Yankees said he would be assigned to Class A Tampa of the Florida State League.
At an appearance Tuesday in Pleasantville, N.Y., Yankees general manager Brian Cashman acknowledged that he would consider trading some of the club's pitching talent to procure position players in the near future.
"You have to trade from strength, and our current picture of our franchise on the development side is that we are top-heavy on pitching depth, with both starters and relievers," Cashman said. "The bottom end, we have a lot of position players that we think are coming, but they're in A-ball or below."
Wright, who turns 26 in February, was designated for assignment last week when the Yankees needed to clear room on the 40-man roster for left-hander Andy Pettitte.
He was in the Yankees' Minor League system for all of 2008, spending most of his season between Double-A Trenton and Triple-A Scranton/Wilkes-Barre. Wright was 8-2 with a 2.96 ERA in 16 starts at Double-A, and went 2-1 with a 2.41 ERA in six starts at Triple-A.
With the Yankees in need of starting pitching in early 2007 after injuries to Mike Mussina and Carl Pavano, Wright appeared in three games for New York, faring 2-0 with a 7.20 ERA.
On April 22 of that season against the Red Sox at Fenway Park, Wright became just the second pitcher in Major League history to give up four straight home runs, a feat also accomplished by the Angels' Paul Foytack in 1963.
Bryan Hoch is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.