The collaborative piece, dubbed "Balenciaga Sofa," is made of damaged pieces and garment off-cuts from the Balenciaga warehouse.
These otherwise unsellable pieces are encased in scrapped transparent vinyl, creating a large L-shaped sofa resembling a colorful pile of clothing.
The Balenciaga logo is particularly visible through the transparent upcycled vinyl material, as a comment on the ever-growing concern about sustainability in the fashion industry.
Nuriev has recently opened up about the inspiration behind his latest collaborative project with Balenciaga, which conveys a "nostalgic feeling but in a new modern, super high technology way."
"It is important to me to show young designers that you can work with upcycled things, you can execute it in a beautiful way, in the right shape, and with the right material," he told Vogue, adding that his designs aim to "elevate utilitarian objects to arrive at something thought-provoking."
This is not the first time that the designer collaborates with the Parisian fashion house.
Last year, Nuriev created the installation "The Office" for the Design Miami/ fair, in which he recreated a corporate office with furniture pieces emblazoned with Balenciaga's San Serif logo.
"The Balenciaga sofa" will also make its debut at Design Miami/, which will run concurrently to Art Basel Miami Beach from December 3 through 8.
In addition to Balenciaga, Louis Vuitton will also present its new Object Nomades collection, the first ever imagined by an American designer.
The luxury fashion house has enlisted San Francisco-based designer Andrew Kudless to create "Swell Wave Shelf," which notably features undulating oak shelves that are held together by red leather straps.
Also debuting during Miami Art and Design Week is a new exhibition held at the Palm Court space by Versace and interior designer Sasha Bikoff.
Visitors will be able to discover six different furniture pieces by the New York interior designer alongside the Versace archive that inspired them.
Fashion designer Thom Browne will also unveil his first-ever public artwork, "Palm Tree I," next month during Art Basel Miami Beach.
The 21-foot-tall sculpture has been described by the artist as "summon[ing] the disembodied ensemble of Americans on holiday."
While in Miami, design and fashion aficionados will also come across Virgil Abloh's new outdoor sculpture, "Dollar a Gallon," which features a sinking Sunoco gasoline sign as a comment on the pervasive effects of advertising.