Terrell Owens says Tyreek Hill is pretty fast ... but he ain't fast enough to beat Usain Bolt in a race -- telling TMZ Sports the idea of a battle on the track between the two is straight-up "comical!"

There's been talks about a possible race between the Chiefs star and the Olympic legend for months -- with Bolt most recently saying on "The Dan Patrick Show" he's fine upping the stakes for the run.

Patrick suggested Hill put up his Super Bowl ring, while Bolt put up one of his gold medals -- and the track star was fine with the idea!

Hill said he'd be up for it too ... but when we asked Owens who would win, the Hall of Famer laughed.

"We raced last year," Owens said of Hill. "He said he would give me like 10 steps and he would beat me in the 100 and I don't even know if he gained a yard on me!"