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Terrence Howard filed a police report with the LAPD Monday, claiming his estranged wife is extorting him, and we’re told he presented a shocking audio tape as proof.

Law enforcement sources tell TMZ … Howard and his lawyer went to the LAPD to file the crime report.  Howard claims Michelle Ghent Howard is squarely demanding money from him, in return for not making a Terrence sex tape and other embarrassing things public.

The former couple is in an epically bitter divorce battle.  Among many things, Terrence claims Michelle is a racist who threatened to have him killed … by the Russians.

The LAPD had no official comment, but we’re told cops are in possession of the audio tape and they are investigating the extortion claim.

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