Using the Dual Entitlement feature in FIFA 21, you can upgrade your copy of FIFA 21 on PlayStation 4 to PlayStation 5 for free. This will allow you to carry over and transfer all of your FIFA 21 data and progress from your previous console to the new one, including FUT progress and data.
How to Upgrade Your FIFA 21 Copy to PlayStation 5
To upgrade your FIFA 21 from PS4 to PS5, you need to go to PS5 Store and redeem your Dual Entitlement download code there.
We will have the details once PlayStation 5 is out. Stay tuned.