Originally slated for a 2021 release, it would seem that the release window has been pushed back as confirmed by Head of PlayStation Studios, Hermen Hulst in “Hermen Hulst Q&A: What’s Next for PlayStation Studios” on PlayStation Blog. Santa Monica Studio has also released a statement via Twitter as well.
“And for God of War, the project started a little later. So we’ve made the decision to push that game out to next year, to ensure that Santa Monica Studio can deliver the amazing God of War game that we all want to play.”
— Santa Monica Studio Is Hiring (@SonySantaMonica) June 2, 2021
It is also coming to PS4!
“Where it makes sense to develop a title for both PS4 and PS5 — for Horizon Forbidden West, the next God of War, GT7 — we’ll continue looking at that. And if PS4 owners want to play that game, then they can. If they want to go on and play the PS5 version, that game will be there for them.”