French Montana Has No Problem With Iggy Azalea Moving On (VIDEO)

(TMZ) - French Montana's not fazed at all by Iggy Azalea dating a new dude because he's the one who ended their relationship.

Sources close to French tell TMZ he wants Iggy to be happy, and has no issue with her hooking up with music producer Ljay Currie -- who posted a pic wearing jewelry French bought for Iggy. TMZ is told it's no skin off French's back ... he doesn't care what she does with the diamonds.

As for the rapper's tweet about shooting someone's "punk Asss," which seemed to be a threat aimed at Ljay -- it had nothing to do with him.

TMZ is told French was in the studio that day laying down a new track ... and the "threat" was a lyric.

Photo: Getty Images