3:01 PM PT -- A source in Diddy's camp tells us he never claimed Chris and Will met up -- he spoke with them individually -- and then reiterated what he said on stage, the two are brothers and "it's all love."
Diddy, who came on stage just after the slap, said, "Will and Chris, we are going to solve that like family at The Gold Party. But right now, we are moving on with love."
Will Smith and Chris Rock have not buried the hatchet, despite reports to the contrary ... in fact they haven't spoken since the slap.
A source with direct knowledge tells us Chris and Will haven't settled anything, despite a claim from Diddy saying everything was cool. In fact, we're told the whole thing stunned Chris ... who went straight to his dressing room after the slap and there has been no communication since between the two men.
We spoke to a close friend of Chris who was at The Oscars ... who tells us even before the incident with Will, he had "no intention of staying" ... he went to his dressing room and then left the building.
Our source says Chris was left "shaken and bewildered" by Will, but he still went to Guy Oseary's Oscars After Party to try and have some fun before the night ended.
As for Diddy, we're told he was backstage when the whole thing went down, but he told Page Six at the Variety after party, "That’s not a problem. That’s over." Our Chris Rock source says that's absolutely not true ... and the two haven't spoken.