One Love by Whodini referenced the Beatles song "can't buy me love".
Run DMC mentions the Beatles in "Rock Box".
Public Enemy strongly dislikes Elvis Presley "Elvis was a hero to most but never meant sh1t to me..."
Yeah, as I said in an earlier poast, hip hop has made that their thing. All rap artists give props to those that came before them and then other acts that have been part of their cypher at some point.
Non-rap additions to this thread:
Weezer - In The Garage - Kiss - no song is mentioned specifically but he names Kiss band members of whom he had posters on his wall.
RHCP - Californication - David Bowie and Kurt Cobain - Kiedis says "Cobain can you hear the spheres singing songs off Station to Station" (a Bowie album).
Counting Crows - Mr. Jones - Bob Dylan. Duritz says in one line of the song, "I want to be Bob Dylan". What's interesting is that Mr. Jones is the subject of Bob Dylan's "Ballad of A Thin Man" so it would seem reasonable to think that might be the same "Mr. Jones". But it isn't. Duritz has stated in interviews that Mr. Jones was just a friend of his but he obviously knew of the connection to Dylan's song. More on Dylan below.
Golden Earring - Radar Love - mentions Brenda Lee and her song, "Coming On Strong".
Van Morrison's "Cleaning Windows" references several artists - Jimmie Rodgers, Muddy Waters, Lead Belly, etc.
Def Leppard - Rock Of Ages - Neil Young - Def Leppard opens the song with a Neil Young line - "It's better to burn out than to fade away" from Young's song - My, My, Hey, Hey. Related fact, Kurt Cobain's suicide note referenced these same lyrics.
Dylan has at least two songs with "Woody" in the title - references to Woody Guthrie. He mentions Alicia Keys in a song called "Thunder On The Mountain". There are at least 2 or 3 songs that Dylan wrote supposedly with his girlfriend Joan Baez in mind - "To Ramona" and "Visions of Johanna." He mentions songs written and recorded by the Beatles fairly often. In the song "Tangled Up In Blue", he mentions two - From Me To You and Revolution. Dylan has stated that he wrote the song "Shelter From The Storm" after just having listened to CCR's "Who'll Stop The Rain" where the line in the song is: "I went down Virginia, seeking shelter from the storm."
On the flipside, I think you could probably find thousands of song lyrics by other artists that reference something having to do with Dylan.
That's all I got right now but I find this topic interesting so I'm going to be listening extra carefully to music over the next few weeks and will report back.