Sources connected to Birdman tell TMZ ... Wayne's threat to retire isn't sitting well with the Cash Money honcho, who says the narrative he's holding the now-mythical album hostage ... is total BS.
We're told Weezy has the physical recording, and refuses to fork it over -- so Birdman feels like his hands are tied. For Wayne's part, we're told he'd be happy to give up 'Carter V' ... AFTER they work out the money.
Translation: Cash first, music second.
We're also told Weezy will never leak it on the Internet because he ain't giving it up for free.
In Wayne's original lawsuit, he said he was owed an $8 million advance for the record, plus another $2 mil upon its completion. We're told that amount, plus a few more million -- for past Young Money album sales -- would be the best shot for the record to see the light of day.
Soooo ... we're saying there's still a chance, but it's gonna take a lot of zeros.