The PS5 is backwards compatible with PS4 software, so this means both physical and digital software will work on the next-gen system. Assuming you're using the same PSN account on PS5, you will have access to all of your PS4 purchases from the PlayStation Store.

Will PS5 be able to play PS3 games?

PS5 is not backwards compatible with PS3 games, although it is backwards compatible with PS4 games, meaning some remasters are playable on PlayStation 5. ... Many of the very best PS3 games got re-released on the PS4, so you should be able to find a way to revisit some of your favourites.

How far is PS5 backwards compatible?

In all, PS5 backwards compatibility extends to well over 4,000 titles. There was some head-scratching when Sony revealed the list of games that wouldn't be playable on the PS5 originally, as it was buried in a support page, but now that list is a little less mysterious.