By TMZ

It's a real life family feud -- Floyd Mayweather's dad tells TMZ Sports ... he's all set to get in the ring to FIGHT the father of one of Floyd's old opponents, Robert Guerrero ... for real.

Only this time, both men were actually civil toward each other -- and confirmed they've both agreed to settle their beef in the ring.

"You're gonna see one of the best fights bro," Guerrero says ... "I'm fighting one of the best fighters in the world."

So far, no date has been set ... but both men insist it's gonna happen soon -- and will probably be recorded for the "Knockout" reality show.

Stay tuned ...