Rick Ross Warns Drake: I Will Go Off Leash!

Rick Ross fired a warning shot in the air for Drake ... on the heels of the renewed feud with Meek Mill.

Rick was on the "Drink Champs" podcast when N.O.R.E. and DJ EFN asked about his homie, Meek, getting destroyed by Drizzy. Rozay made it clear .. he does NOT think Meek lost a damn thing. As he put it, "We all rich!"

But after Drake's stop in Philly last weekend the beef's been heating up again and Ricky says if it continues, this time ... he'll be jumping in too.

Check out the clip ... he never SAYS anything about violence, but the insinuation is in the air -- and there's a subtle shot at Birdman's financial issues too.