The 2016–17 NBA season is the Suns' 49th season in the NBA. It is also their 24th season in the Talking Stick Resort Arena. It is also the first season with a team-owned D-League affiliate, called the Northern Arizona Suns, which recently relocated to the nearby Prescott Valley.

The Phoenix Suns would once again enter the draft with three first round picks and one second round pick this season, tying the 2013–14 season for the most first round selections the team has ever had. They own their first selection in the first round, which was at the original Pick 4 and is now the highest selection they'd ever have since 1987, while their second first round pick (which was stuck in Pick 13 for the fourth time in six years) was had by the February 18, 2016 trade deadline with the Washington Wizards trading it away to them (similar to what happened in the 2014 NBA draft) along with the temporary additions of power forward/centers DeJuan Blair and Kris Humphries in exchange for removing Markieff Morris from the team due to his incessant demands of wanting out of the team after an earlier trade involving his twin brother, Marcus Morris, occurred on July 2, 2015. The Suns would be the only team this season to hold multiple NBA Draft lottery selections because of it. Not only that, but the Suns also got their third first round selection from the newly defending champion Cleveland Cavaliers due to an earlier trade involving the Boston Celtics, where they got the Cleveland Cavaliers' first round draft pick that Boston acquired in an earlier trade alongside the also-temporary addition of Marcus Thornton in exchange for Isaiah Thomas. The lone second round pick they have is also the pick they had on their own accord in spite of having a continuously declining record (done in by injuries and other turmoil involving the team placed throughout last season, which included the aforementioned trade that Markieff Morris demanded during that season) in the process. The Suns were also initially planned to getting the Minnesota Timberwolves' second round selection for this year (which would have been Rade Zagorac at Pick 35 this year), but traded it away in a different trade with the Boston Celtics (back when it was still considered to be a first round draft pick) in order to get Brandan Wright on the team under the same season they first acquired Isaiah Thomas.

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