After months of hurled interview disses and on-wax retorts, SOHH has learned Nicki Minaj and Lil Kim‘s publicized rap war will cease fire at tonight’s “I Am Music II” concert in Chicago.

According to a rep from Kim’s camp, the two rapstresses agreed that calling a truce would benefit them both.

“Their beef was taken out of context at the end of the day,” the source told SOHH. “Sh*t got ugly, yeah, but it was on both sides. Nicki had been getting at her when she was still on the come up and so Kim had to defend her legacy. It’s rap competition, really. Kim knows she’s a trailblazer for all females rappers [who came after her]. But they have always respected each other, beefing or not…A meeting took place after [the ‘I Am Music II’ tour stop in] Buffalo [last month] and both sides agreed to get money. I had reached out to [Baby’s brother] Slim and he convinced Nicki to meet face-to-face with us.” (SOHH)

It is speculated that Minaj will close tonight’s show with an appearance by the Queen Bee, proving that their peace talks were legit.

“They agreed to squash it at the show tonight,” the source promised. “It’s gonna be like when Jay-Z did that Power 105.1 show and brought out Nas [in 2005]. Same sh*t. It’s gonna be a big look for them. They might perform a couple songs too, like “Queen B*tch” but it’s gonna be bigger than tonight. Wait and see.” (SOHH)

In February, Kim talked about what it would take to collaborate with Minaj.

“The only way that’s gonna happen is it’s definitely gonna take a check. At the end of the day, I’m a boss. I was a hustler before I was an entertainer. What I mean by that is, I love music–love, love, love music. I love entertaining, I love being in the industry, but the truth of the matter is if music and the industry didn’t bring me money, this would not be my first occupation. I also am a businesswoman and I know that living life, you have to eat. If the industry was designed where you didn’t make money from it, it was just music to produce, I would still do it, but it wouldn’t be my first occupation.” (Rap-Up)

Around late November, Minaj spoke with radio personality Angie Martinez about Kim being a rap bully.

“It’s one of those moments where you say, ‘don’t play with me,’ because I respect you, I love you, I’ve said it in every interview time and time again, and if that’s not good enough with you mama, then it’s something deep rooted in you. Something is bothering you inside. That’s your insecurity bothering you. [If] it’s not Nicki Minaj, it would have been any girl that started poppin’. She picked a fight with Foxy [Brown], then she picked a fight with Eve, then she picked a fight with Remy [Ma], then it was Ms. [Voletta] Wallace, then it was Nicki Minaj. Every time you in the news is ’cause you gettin’ at somebody. Where’s your music? Put your music out. When I see your name on Billboard, that’s when I’ll respond to you. Other than that, goodbye.” (Hot 97)

Check out photos from Nicki Minaj/Lil Kim’s secret meeting by clicking here.

Peep Lil Kim speaking out on Nicki Minaj below: