San Diego teammate Ben Grant has also been snapped up by the Hurricanes for the 2024 season.
Lower Hutt native Punivai, 25, returns to the Wellington region after spending 2023 with the Gallagher Chiefs.
The Canterbury utility back made his Super Rugby debut in 2019 with the Crusaders, before transferring to the Highlanders and then the Chiefs.
His versatility across wing and centre positions is of great advantage and he has put in quality performances this season in the Bunnings Warehouse NPC.
After struggling with the effects of long Covid for almost five months last year, Punivai has made the most of every opportunity presented to him since his comeback last August.
All Super Rugby franchises will announce their squads on Thursday between 10am and 3pm.
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