Are Jay Z and Kanye West finally ending their feud? Reports say the rappers are trying to work out their long-standing fight.

TMZ reports that Kanye has asked Jay Z for a face-to-face meeting with his rival so they can hash things out. And a source said it seems the duo is close to reconciling.

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Kanye and Jay Z's latest beef began when Kanye dissed Jay Z and Beyonce during a concert rant. Jay Z then responded on his new song, "Kill Jay Z."

"I know people backstab you, I feel bad too," Jay Z rapped on the track. "But this f--k everybody attitude ain’t natural / But you ain’t the same, this ain’t KumbaYe / But you got hurt because you did cool by ‘Ye / You gave him 20 million without thinkin’ / He gave you 20 minutes on stage, f--k was he thinkin’? / ‘F--k wrong with everybody?’ is what you sayin’ / But if everybody’s crazy, you’re the one that’s insane."

Kanye West And Jay Z Jay Z slammed Kanye West in "Kill Jay Z" after Kanye dissed Jay and Beyonce during a concert (Photo: Photo Image Press/Splash News).

Jay later explained the reason for his feud with Kanye during an interview with Rap Radar. "You got hurt, because this guy was talking about you on a stage," Jay-Z said in part. "But what really hurt me, you can't bring my kid or my wife into it. Like, Kanye is my little brother. He's talked about me a hundred times. He even made a song called ‘Big Brother.' We've gotten past bigger issues, but you brought my family into it, now it's a problem."

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Kanye, however, thought Jay Z should have forgiven his rant. After all, Kanye was in a troubled mental state at the time.

"Kanye was days away from going to a psych ward with some really serious mental issues [when he made the rant]," a Kanye source told TMZ. "We get why he [Jay] was upset, but give Kanye a break."  

Kanye West And Jay Z Tidal Kanye West and Jay Z are also working out their dispute over Kanye's Tidal compensation (Photo: 247PAPS.TV / Splash News).

Kanye and Jay Z's business relationship had been strained, as well. Last month, TMZ reported that Kanye was leaving Tidal because he believed he was owed over $3 million for various videos and for bringing in new subscribers.

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While Jay Z wrote the "Kill Jay Z" lyrics because of Kanye's rant, not the Tidal drama,  the financial fight likely led to more tension between the rappers. But sources told TMZ that they are working something out with Tidal, as well.

Are you surprised that Jay Z and Kanye may reconcile? Let us know your take in the comments section below!