Iggy Azalea -- I Would NEVER Make a Song with Snoop Dogg

Iggy Azalea might have settled her beef with Snoop Dogg, but she will NOT make music with the famous rapper.

Iggy was making her way through LAX Thursday night, when our photog wanted to know ... now that the feud is quashed, would they ever collaborate.

Iggy didn't hold back ... making it clear it's slim to none.