Miranda, a 27-year-old left-hander from Cuba, has thrown two innings in one appearance for the Orioles this season, and he's 4-7 with a 3.93 ERA in 19 starts for Triple-A Norfolk.
Miley, 29, is 7-8 with a 4.98 ERA in 19 starts for Seattle after being acquired from the Red Sox last December.
Miley is earning $6 million this season, and he's under contract for $8.9 million in 2017, plus he has a club option for $12 million in '18 or a $500,000 buyout. He was scheduled to make his next start for Seattle on Thursday against the Red Sox, but the Mariners will be looking to fill that spot now.
The Mariners earlier traded left-hander Mike Montgomery to the Cubs for two prospects and also swapped veteran reliever Joaquin Benoit to Toronto for former closer Drew Storen.
Miranda played professionally in Cuba from 2007-13 and was 22-25 with a 3.78 ERA in 80 games, including 64 starts, before defecting. He signed a Minor League deal with the Orioles last year, and he went 6-3 with a 3.60 ERA in 14 starts at three different levels in Baltimore's Minor League system in 2015 ranging from Rookie ball to Double-A.
Greg Johns has covered the Mariners since 1997, and for MLB.com since 2011. Follow him on Twitter @GregJohnsMLB and listen to his podcast. This story was not subject to the approval of Major League Baseball or its clubs.
Mariners trade Miley to O's for prospect Miranda
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