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Zippy6 said:

Aren't all those PS2 on PS4 titles like Dark Cloud etc using emulation? So they already have a PS2 emulator that works on PS5 they just haven't released nearly enough games that use it.

With a jailbreak PS4 you can use the emulator with any PS2 iso apparently but compatibility is hit or miss.

https://www.psdevwiki.com/ps4/PS2_Classics_Emulator_Compatibility_List

From what I've read and seen, the emulator is trash on PS5. The PS1 and PSP emulators also sport upgraded features like the rewind and save state functionality. 

This is why there have been no new PS2 games since the release of PS1/ PSP emulation on PS4/ PS5: because it's outdated, and the games don't run well on PS5.

When Sony does release a new PS2 emulator, these PS2 on PS4 games will just be forgotten imho, and possibly delisted when they are re-released on the new emulator.