The trio have been signed to Quality Control Music since 2015 but, in 2016, the "Jesus Is King" star claimed the band had joined his label under a management deal.
However, the partnership never happened and, speaking on the "Big Boy on Demand" podcast, the trio opened up on the talk during a true or false segment.
When asked if they were supposed to sign with GOOD Music, Migos instantly answered "false."
Quavo went on to insist "it was a management deal," clarifying they were "just talking" with West and never came close to signing any paperwork.
There appears to be no hard feelings between the parties and Migos later teamed up with Kanye in 2017 on the leaked track "Hold Tight", which also featured Young Thug, and, in 2018, West had a production credit on Migos' track "BBO".
Migos recently released a new studio album "Culture III", three years after their sophomore set.
The group actually completed the new album in 2020 but they waited until a year later to finally launch it.
Quavo said in December, "We done with the album, we just waiting on 2021, man, so everything can crank up. We don't wanna drop it right now. We want the commotion, we want to move, we want to be outside. We want to drop it and go on tour. We want to have an album listening and have people in the thang and really hearing the album."