CD Projekt Red has confirmed that Cyberpunk 2077 will be getting a proper next-gen upgrade on the Xbox Series X (opens in new tab), and it'll be free to anyone who owns the game on Xbox One.
Update: In a statement given to VGC (opens in new tab), CD Projekt Red clarified that the next-gen version of Cyberpunk 2077 is the same as the one it previously discussed: an Xbox Series X Smart Delivery update for owners of the Xbox One version that will let the game take advantage of the new system's improved power.
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The PS5 and Xbox Series X are both backwards compatible, meaning you'll be able to play Cyberpunk 2077 on next-gen consoles when they launch, but the "full-blown next-gen version" is coming at a later, unspecified date. It isn't clear whether the next-gen Cyberpunk 2077 port will be available on PS5 (opens in new tab).
"In terms of Microsoft's console, like I said, we have officially confirmed both the update and the cross-gen availability, meaning that you'll be able to play the game from the get-go on the next-gen," said CD Projekt SVP of business development Michal Nowakowski, according to Video Games Chronicle (opens in new tab). "However, when it comes to a proper, full-blown next-gen version, that's going to come later, we haven't announced when and I don't have a new comment here on that."
Nowakowski specifies that the next-gen version of Cyberpunk 2077 is only confirmed for Xbox Series X at the moment, pointing to Microsoft's Smart Delivery program, which makes select next-gen versions of current-gen games free to anyone who bought the current-gen version. Cyberpunk 2077 will work with Microsoft's Smart Delivery program, but Sony has yet to announce a comparable system to support cross-gen releases.
To be as clear as possible, you should be able to pop your PS4 or Xbox One version of Cyberpunk 2077 into the PS5 or Xbox Series X and play without issue. Nowakowski was talking about a fully-fledged next-gen upgrade, which as of now, is only confirmed for Xbox Series X as a free download coming some time after the next-gen console launches.