Naholo has been named on the right wing for Sunday morning's test against Argentina in Buenos Aires replacing Nehe Milner-Skudder.
He hasn't played a rugby championship this year.
The Crusaders David Havili is set to make his test debut having been named in the reserves with Damian McKenzie again named at fullback.
Anton Lienert-Brown will start at centre with Ngani Laumape named in the reserves as back cover.
In the forwards, Luke Romano and Scott Barrett have been named as the starting locks, with Patrick Tuipulotu named in the reserves and in line for his first test this year.
Vaea Fifita is at blindside flanker and Matt Todd at openside in his fourth Test start.
While Hansen has tinkered with the side that beat the Springboks 57-0, there's no recall for regular blindside flanker Jerome Kaino, who has not played for the team since the final test against the British and Irish Lions in early July.
The 34-year-old dual World Cup winner played all three tests against the Lions but flew home to New Zealand shortly before the Rugby Championship opener against the Wallabies in Sydney in August.
New Zealand Rugby said at the time that an Australian media report about Kaino's private life had necessitated his return to Auckland.
"We've selected what we believe is a quality team and have high expectations that they'll go out and put in a strong performance this weekend," said head coach Steve Hansen.
"We are under no illusion about what we'll be facing this weekend. After having a torrid tussle against us in New Plymouth, Argentina will be even more determined on their home pitch and in front of their passionate fans. Our job will be to start well and to put in a performance for the full 80 minutes."
The All Blacks have never lost to the Pumas. They have played one another 25 times with the All Blacks winning 24 of those matches and drawing one.
A win on Sunday will assure them of the Rugby Championship title with a game to spare.
The All Blacks squad:
Kane Hames, Dane Coles, Nepo Laulala, Luke Romano, Scott Barrett, Vaea Fifita, Matt Todd, Kieran Read (c), Aaron Smith, Beauden Barrett, Rieko Ioane, Sonny Bill Williams, Anton Lienert-Brown, Waisake Naholo, Damian McKenzie.
Reserves: Codie Taylor, Wyatt Crockett, Ofa Tu'ungafasi, Patrick Tuipulotu, Ardie Savea, TJ Perenara, Ngani Laumape, David Havili.