Sony Interactive Entertainment is planning to release the next version of PlayStation VR.

The information comes from Bloomberg’s unnamed sources. The new VR headset is scheduled to roll out sometime after PlayStation 5 hits the market.

The new device will likely feature inside-out tracking and wireless gameplay, according to patents filed by Sony in 2019.

It is going to be a while, though, before any specific information becomes available on PlayStation VR 2. Right now, Sony’s full attention is focused on the release of PlayStation 5, which will debut holiday 2020. The company is still figuring out the price for their next-gen console. Reportedly, it costs Sony $450 to manufacture a unit. This is due to scarcity of parts such as DRAM and NAND flash memory, its supply being depleted by the smartphone industry.

If Sony wants to make a profit, they should price PlayStation 5 at least $470. However, it’s possible that Sony will sell PS5 at a loss, making up for it later through software and subscriptions sales.

In all probability, Sony will only reveal PS5’s retail price after Microsoft names the price of Xbox Series X. This is likely to happen at E3 2020 in June, which, by the way, Sony will not be attending.