NIS America confirmed recently that The Legend of Heroes: Trails into Reverie, the sequel to The Legend of Heroes: Trails of Cold Steel 4, would be coming West in Summer 2023.
It will be available for PS4, PS5, Nintendo Switch, and PC.
However, if you start playing the game on PS4 and want to continue on PS5, you’ll have to start from scratch.
Also, even though there are bonuses for carrying over one’s save data, PS4 saves won’t be compatible with the PS5 version.