Lil Wayne's REPLACING Nicki Minaj . . . With A New BIG BOOTY LATINA!!

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Young Money has a new leading lady - according to folks inside the camp. Lil Wayne's been grooming a Latina artist, and many believe that she may be the next big thing out of the legendary record label.

The new artist is Stephanie Acevedo - and now shes not a rapper. She's a latin singer from Miami . . . and a close associate of the boss Lil Wayne. Word is that Wayne and them will be pushing her HARD over the next few months.

And while we're not sure about Stephanie's music. She looks GREAT!

Here's her latest song:

And here are some pics: