Lil Wayne Sorry, There's No Roc Nation Deal

6/14/2015 11:54 AM PDT

Lil Wayne--Sorry, There's No Roc Nation Deal (VIDEO)

EXCLUSIVE

Lil Wayne made what seemed like a big announcement Saturday night -- that he was partnering up with Jay Z -- but it has nothing to do with Roc Nation, TMZ has learned.

Wayne's manager Cortez Bryant tells TMZ, people jumped to the wrong conclusion after Wayne took the stage at KMEL's Summer Jam in Oakland and said he was partnering with Jay.  Bryant says Wayne was referring to the partnership with TIDAL as an artist and owner.  So there's no Roc Nation deal.

Still ...the collaboration is a big step considering the bad blood between Birdman and Wayne.  Wayne's next album will be released on TIDAL.