Your old save being deleted becomes more annoying when you factor in the fact that GTA Online doesn’t have crossplay – not even between consoles in the same “family” (so PS4 can’t play with PS5, ect.) So, unless your friends are also upgrading with you, you might be leaving them behind. Important: Once your progress has been transferred from PlayStation 4 or Xbox One to PlayStation 5 or Xbox Series X|S, your migrated profile will no longer be available on PlayStation 4 or Xbox One. Additionally, profiles cannot be transferred between PlayStation 4 or Xbox One to PC. While everything described so far was intentionally done by Rockstar, there is an issue they’re promising to fix. Players looking to upgrade from PS4/Xbox One to PS5/XSX have discovered they can’t do so if they’ve already migrated their character to PC at some point. This is apparently an error and being fixed.
— Rockstar Support (@RockstarSupport) March 14, 2022 Update: The issue detailed above has indeed been fixed…
Please note that GTA Online profiles on PC cannot be migrated to PS5 or Xbox Series X|S. — Rockstar Support (@RockstarSupport) March 15, 2022 Grand Theft Auto V and GTA Online are available now on PC, Xbox One, and PS4, and launch on Xbox Series X/S and PS5 tomorrow (March 15).