Sony has finally explained how the PS5’s backwards compatibility works and how you can upgrade select PS4 games to next gen.
PS5 Backward Compatibility Further Detailed, Unsupported PS4 Games Listed
Can I play my PS4 games on PS5?
The PS5 is supposed to be backward compatible, but it is not reading my PS4 games discs. What could be the issue? - Quora
PS5 details confirmed: 8K, backwards compatibility, SSD, ray tracing and more
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How To Play PS1 PS2 PS3 Games On PlayStation 5 - PS5 Backwards Compatibility Guide.
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PS5 backward compatibility: PS4 games list, USB external drive support - Polygon