The PlayStation Store page of Valkyrie Elysium has been updated with a release date of September 29 for PS4 and PS5. The PC (Steam) version likely releases that same day.

Here’s an overview of the new Valkyrie series action RPG, via Square Enix:
The latest title in the VALKYRIE series is finally here! This action RPG incorporates the series’ signature Einherjar and combo systems, allowing players to enjoy speedy, three-dimensional combat. The game’s unique art style beautifully depicts a collapsing world as Ragnarok looms, with series veteran Motoi Sakuraba returning to enrich the title with an unforgettable soundtrack.
◆Story
Long ago,
Ragnarok—the End Times—loomed upon the realms.
The All-Father Odin, with the last of his strength, created an emissary of redemption, Valkyrie; her sole task being the salvation of a doomed world.
◆High-Speed Action RPG
Effortlessly soar through the battlefield and perform high-speed actions with the new Soul Chain system. Utilize a wide array of abilities and skills at the Valkyrie’s disposal to unleash devastating combos.
◆Einherjar
Summon Einherjar – strong warrior spirits selected by the Valkyrie – to aid you in battle!
Summoning Einherjar imbues the Valkyrie with elemental bonuses, giving players a tactical advantage in battle.
◆Combo & Divine Arts System
The “Arts Gauge” fills as players perform a J19continuous stream of attacks and maintain combos.
Consuming the Arts Gauge enables the Valkyrie to perform powerful, special techniques known as Divine Arts.
◆Upgrade and Customization Features
Upgrade your weapons, skills, and Einherjar/Divine Arts combos to customize your playstyle.
Lastly, Valkyrie Elysium is coming to PS4, PS5, and PC via Steam this year.