There's a lucrative 7-figure offer on the table to sweeten the deal between these 2 foes ... and it comes courtesy of Celebrity Boxing czar Damon Feldman.

He tells TMZ Hip Hop ... he's got a cool $1 million purse locked and loaded for Ak and Meek -- in addition to other amenities, if they wanna take him up on this. Damon also says he has a venue in Atlanta booked for May 18, adamant he wants both guys to give it their best.

Meek already has a boxing trainer in his corner, but Damon says he's willing to provide Akademiks with one of his top guys -- if he's inclined to train ahead of the fight.

Ak told Adin Ross this week that he considers Meek a straight-up bully -- while going on to call him cowardly, accusing him of hiding behind his goons ... and he seems eager to take him with his fists.

They've had beef for years, of course, but the latest episode spilled into the e-streets over this wild Diddy lawsuit filed this week by his ex-producer ... who floated salacious claims.

Meek took the bait and went down a wild social media rabbit hole ... responding to Ak but all the posts have since run their course with fans.