Word on the street is that "Young Money" rapper Drake and his rival Chris Brown has 'allegedly' ended their beef...and the reunion all went down backstage at the iHeart Radio Music Festival in Las Vegas, over the weekend.

PageSix reports:

Sources tell us Drake and his crew came to the music fest on Friday specifically to watch Brown’s performance. “Drake came on Friday with his whole crew, and watched Chris’ entire set,” we’re told. 

After Brown came off stage, a spy told us: “They were backstage hugging and drinking.” We’re told the reunion went so well, the two even talked about creating some tracks together. Sources tell us the mediator of the reunion was Def Jam music exec Abou Thiam — who’s one of Brown’s managers and a brother of rapper Akon. 

We’re told Thiam is “very friendly with Drake, and worked to try and get him and Chris together to put their differences aside.”

The rappers are said to be on talking terms, leaving their epic fracas at Soho nightclub, W.I.P, (back in 2012) in the past.