Price released a statement on Twitter where he apologised for his actions during their clash and he said that it was difficult being up on that stage in his biggest game of his career.
'The Iceman' added that he'd personally apologised to Wright and that his emotions did get the better of him.
"I let my fans and my family down in the biggest game of my career. I've been in this position before in games but never in a World Championship semi-final," said Price.
"I over-reacted to what Peter did after set one. It might have been banter but I was so in the zone and missed a load of set darts. I wasn't ready for what he did; I will learn and everyone makes mistakes. I'm still new to this and still learning.
"I apologise to everyone who thinks I've done wrong and yeah maybe I was a bit OTT. It's a difficult place up on that stage and sometimes emotions get the better of you.
"I also apologise for not shaking his hand - it's not a rule but I should have bit my tongue and walked off. At the time I just wanted to get off the stage and get home, as you can imagine.
"I have personally apologised to Peter for my reactions. I wish Peter and Michael [van Gerwen] all the best in the final tomorrow night."
Price himself shared their WhatsApp conversation this morning in which Wright apologised and said that he shouldn't have done anything at the end of the first set and that he hopes they can still be friends.
He went onto respond calling him one of his best friends and that he wishes him look for the final on New Years Day.
"Sorry for being a clown in the first set," said Wright.
"I understand now and I shouldn't have done anything to you - sorry. I think you're class and proved to the whole world you are. I hope we can still be friends."
https://twitter.com/Gezzyprice/status/1211987977750097920