Additional chat-related features and issues within Microsoft Teams for business
This is an incorrect answer. Suggested Replies are automatic phrases to reply to a message. This has nothing to do with Suggested Contacts. At this point, there is no way to manipulate suggested contacts. I am currently running a test to see if this is integrated into Outlook. I have cleared my Auto-Complete List through Outlook options. I will report in 24 hours whether this works.
Waited 3 days to see if Outlook was the culprit. It is not. This needs to be fixed!