This move came after several offensive comments from Ye.
Including antisemitic posts that earned him suspensions from Twitter and Instagram.
Parent company Kering told Women's Wear Daily,"Balenciaga has no longer any relationship nor any plans for future projects related to this artist".
Ye had collaborated in several areas with Balenciaga and its artistic director, Demna Gvasalia.
The label has also had an active relationship with Kim Kardashian, Ye's ex-wife, who has appeared in their advertising campaigns and credits her former
husband with introducing her to the brand.
Ye was recently blocked from posting on Twitter and Instagram over antisemitic posts that the social networks said violated their policies.
After getting locked out of the social media platforms, he's offered to buy right-wing-friendly social network Parler.
During Paris Fashion Week, the rapper walked as a model in Balenciaga's ready-to-wear show — what designer Gvasalia at the time called an "iconic moment."
He was then seen at Givenchy's collection wearing a Balenciaga-branded black tooth brace.
Ye was also criticized that week for wearing a "White Lives Matter" T-shirt.