War between Wale and Meek Mill settled - Rick Ross

Rick Ross says the war between Meek Mill and Wale is OVER -- and they're gonna prove it by coming together on a new album. 

In a video statement to TMZ, Ross says he's "happy" to address the beef between the two rappers signed to his MMG label -- which blew up after Wale went on "The Breakfast Club" and said Meek "brought a pencil to a gunfight" during his battle with Drake.

"Young Meek Mill, Young Wale .. family good, ya dig?! Ya'll know how I do it." 

Ross says he'll show the world that the hatchet is buried when he drops "Self Made Vol. 4" -- a collaborative album featuring the entire MMG roster. 

No word on when it's gonna drop -- but at this point, the sooner the better ... and we can't wait to hear what they're gonna say. 

Meek Mill had slammed Wale,calling him broke and a hoe for siding Drake during an interview on the Breakfast Club.When asked to weigh in on the beef, Wale who many feel didn’t diss Meek said

“I honestly think he(Meek) brought a pencil to a gun fight. He tried to paper cut him to death”“You can’t compete with somebody who has those type of relationships. He could’ve wrote either 3.0, the opinions of the people would’ve been that of,the boy from Canada waxed him.”

See Meek Mill’s really long reply below