Jennifer Lopez Hindsight is 20/20 ... Brings Back THE DRESS!!!

Jennifer Lopez is here with a flashback Friday for the ages ... bringing back THAT dress -- y'know the one from the 2000 Grammys, and this time it stole the show at Milan Fashion Week.

J Lo hit the runway at Versace's Spring 2020 show Friday in a recreated version of her iconic Versace grown from nearly 2 decades ago, resurrecting one of the most memorable fashion statements in history.

Jenny rocked the throwback look with Donatella Versace walking her down the runway ... and the crowd went absolutely bonkers. Excuse us while we pick our jaws up off the floor.

Easy to see why J Lo got a standing O in Milan ... she's every bit as stunning in the plunging green dress as she was back in the day, showing off her flawless figure and leaving little to the imagination.

Check out the gallery for more J Lo in green ... Alex Rodriguez is one lucky man.

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