Watch the pop star perform the Petty track with her father Billy Ray Cyrus on "The Tonight Show."
The father-daughter performed their country-style rendition of "Wildflowers," the title track of Petty's second solo album, released in 1994.
"You belong among the wildflowers. You belong somewhere close to me. Far away from your troubles and worries. You belong somewhere you feel free," Miley sang as Billy Ray contributed with background vocals and acoustic guitar.
Miley also sang her cover of "Wildflowers" on "The Howard Stern Show" earlier this week since it inspires her to think of the late artist in a positive light.
"It's just really hard for me, watching those people that I grew up with leaving," Miley said. "The reason why I chose this song is because it's hopeful. It's hopeful rather than mourning."
Petty passed away this past Monday after suffering cardiac arrest. He was 66. The news broke the hearts of those in Hollywood and beyond as tributes poured in on social media.