The first person shooter will boast improved frame rates, resolution, and more.
The developers also promise more free DLC coming in the future.
"If we don't keep investing, somebody else is going to come along and win big," says SIE London Studio's head of VR product development Stuart Whyte.
Sony's latest major PSVR release has topped UK sales charts.
VR-focused London Studio is excited about getting to work on the PS5.
Now this seems to be an intriguing game...