Her representatives said in a statement: "Citing personal and family time, Jennifer Lopez's manager Benny Medina has cancelled her Miami appearance on New Year's Eve".
Nicki and Meek have fought in the past over Drake, who is signed to the same label as Nicki.
After Lopez hypnotized Drake with her bootylicious performance, Drake was in need for more magic, so the two, along with friends, went back to the hotel for a private magic show.
But an insider told PEOPLE that a relationship is brewing between the pair - a musical relationship, that is.
The source added: 'They're making handsome music together. "They seem to really like and respect each other, but it's early", said the source.
Jennifer Lopez has a residency at Planet Hollywood Resort & Casino in Las Vegas
Their report added a source had claimed it was "only a matter of time" before they got together.
The source added that Drake and Lopez are making lovely music together - literally. "Friends of them both are hoping it becomes something, but it's too early to say more than that". We're told 20 others joined the party as the restaurant was shut down to the public.
The "Hotline Bling" hitmaker was spotted at Jennifer's Las Vegas show on December 10 and also made an appearance at her "All I Have" concert in Las Vegas.
"Look who rolled up to my show tonight to say hi!" she captioned the snap.
Meanwhile, fans expecting to see the pop singer at the E11even nightclub in Miami for New Year's Eve will have to brace for disappointment. @champagnepapi #lovehim #jlovegas #ALLIHAVE'.