Take a chill pill, Laker Nation -- Magic Johnson is NOT ready to give up on his beloved team this season ... 'cause the Lakers legend tells TMZ Sports that despite their early struggles, they've still got time to turn things around.
We asked the Hall of Famer if LeBron James and Co. -- who've been inconsistent all season -- needed to make changes ... especially as trade rumors surface surrounding one of their biggest stars, Russell Westbrook.
"You know, you gotta give him time," Magic told us on Friday, "Gotta give the whole team time. 16-13 is not where we wanna be, but we still got time. Still got time."
Magic also told us that although Anthony Davis has gotten off to a slow start ... he's not worried about the Lakers big man.
"Sometimes people get off to a start that they know they can play better," Johnson said. "Sometimes you struggle in the beginning. AD knows he can play better so he'll put it together. I'm not worried about him. He got a lot of talent."
Johnson believes that any aspirations the Lakers have of winning a championship this season is contingent on their defensive effort -- an area Magic says the team needs to improve in significantly.
"Well, defensively we gotta get better," Magic said. "That's it right there." "We cant win no championship unless we play defense. We gotta play better defense, but again, you know, we can't be impatient."
Ultimately, the 5-time NBA champ hasn't lost any faith ... saying, "I still believe in the Lakers, that's the main thing. Now its just the matter of can they put it together."
"The championship is not won in December and it's not won in January. You got time to see what happens, so let's give them a little bit more time to get it together."