The current gen update for The Witcher 3: Wild Hunt will be released in the fourth quarter of this year.

CD Projekt Red has announced this. So the update should be released sometime between October and December this year. This is the Complete Edition of the game.

The new version of The Witcher 3 will receive “various visual and technical improvements” for the PlayStation 5 and Xbox Series X and S versions, including ray tracing and faster loading times. These improvements apply to both the main game and the released expansions.

People who already own the game can download the update for free.