"We want to showcase the best Samuel Peter possible, and this doesn't allow the specific explosive training regime required to do that.''
Peter will still attend the event, which has a $500,000 purse, as an ambassador.
Super 8 match-maker Mark Keddell was disappointed but acknowledged injuries were a regular challenge in the boxing business.
"For us it's business as usual. The strength of the Super 8 is that it's not just about one big name,'' Keddell said.
"The field remains the best ever assembled in Australasia, and Sam's misfortune provides the chance of a lifetime for a kiwi fighter to play out a real life Rocky story.''
The final fighter, who will join Nansen, Rahman, Brice Ritani-Coe, Kali Meehan, Michael Sprott, Martin Rogan and Alonzo Butler, will be announced tomorrow with the first-round match-ups set to be confirmed on Thursday.
Sky Arena, who are promoting the Super 8, have sent a contract offer to American Johnathon Banks, who also trains world heavyweight champion Wladimir Klitschko.