Well...it is designed to remove particulate turbidity so yes to some degree it may depending on the short term solubility of those nutrients ? and depending on the polymer process used it could also chelate those nutrients in the same manner.
Personally I shy away from adding/contributing artificial polymers and esters to a living enviornment...But Hey ! That's just Me.
"Natural" Aquarium........"Artificial" Polymer.

Notice anything ?
Be Patient. Fast is not always Best ! HTH. Prof M
FYI: This IS In Fact Novalek/Kordon Trans Clear in niffty new Kent packaging.