Law enforcement officials tell TMZ ... cops were called to Prive restaurant in Memphis around 11:30 PM Wednesday after a barrage of gunfire erupted in the parking lot, following a confrontation inside the restaurant that eventually spilled outside.

We're told one man was found dead in the parking lot, and the other passed away at a hospital.

Police say 4 other men and one woman were also sprayed with bullets. All of them were driven in private vehicles to hospitals for treatment. Their conditions were not released.

While Gotti does own Prive, a source tells us he was not in Memphis last night ... and none of his family members are among the victims.

The assailant or assailants fled and are still at large. Police have not said what triggered the initial altercation.

Images surfaced online showing officers investigating the scene with crime tape around the perimeter of the restaurant and patrol cars parked in front.

You might recall, Prive was temporarily closed in November 2021 for fear of retaliation violence after rapper Young Dolph was murdered about 10 miles away in Memphis. Police officers stood guard outside the establishment, but nothing happened.