In September, the 55-year-old music mogul was arrested and charged with human trafficking for sexual exploitation, racketeering and transportation for prostitution.
After the arrest, many speculated that 55-year-old Will may also be involved in Diddy's alleged crimes and "excesses" as the two have been friends for years.
During his performance at The Observatory North Park in San Diego, California, Will took a moment to deny the allegations that he was involved.
"The world we're in right now is really hard for all of you to discern what's real and what's truth," Will told the audience. "I've seen memes and stuff. I see the memes. Some of these things are funny."
"I just want to make this very clear: I have nothing in common with Puffy," the Oscar winner continued. "So y'all can stop with these memes."
Will added, "Stop with that nonsense. I ain't been nowhere near no goddamn 'loony bin'. Listen, I do what I do myself, don't get me into other people's bullshit. I ain't been nowhere near that guy, I ain't done none of that shit."
The Men in Black actor then joked about the 1,000 bottles of baby oil that were seized from Diddy's home during the raids earlier this year.
"I don't even like baby oil," Will said with a laugh.
Will's comments come after Jay-Z vehemently denied being involved in Diddy's alleged crimes after being named in a sexual assault lawsuit. | BGNES