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New "FF Game" for SE or Sony Event 

https://www.psu.com/news/rumor-square-enix-to-reveal-ps5-exclusive-final-fantasy-game-at-e3-2021/

Square Enix will lift the wraps off a PS5-exclusive Final Fantasy game at E3 2021, according to ResetEra leaker Navtra, who has a decent enough track record to warrant attention.

Posting on the forums, Navtra revealed that Square Enix is planning updates on previously-revealed projects as well as at least one major announcement related to Final Fantasy. He also expects one of these to be exclusive to the PS5.

another...

A reddit user (who apparently has leaked Elden Ring stuff in the past) unveiled some additional details in regards to the new FF:

-It's being developed by an external studio that has worked with Square Enix in the past
-Said studio has a mixed track record in the leaker's opinion, although he says that "the team behind the game has a very good reputation with the genre it'll be tackling"
-Won't be a numbered title or a new entry in an existing subseries (it would actually be the start of an entirely new subseries)
-It is set in an existing world and lore: Ivalice
-Won't be an RPG "in the sense people are thinking"
-It's not a Warriors/musou type of game

If this information is accurate, then what if we are talking about an action-RPG Final Fantasy spin-off developed by Platinum Games? Sounds like the type of game that would get Sony interested to the point of them securing PS5 exclusivity.

What could IT be...