In its recent blog post, Sony answered one of the frequently asked questions about the upcoming PlayStation 5 and its controller support. And we have good news and bad news.
The good news is that all PS4 certified peripherals such as racing wheels, arcade sticks, and flying sticks will work with both PS5 and PS4 games. PS Move and PlayStation VR Aim Controller for PS VR games are included. PS4 controllers, on the other hand, will only be compatible with PS4 games played on the PS5 console.
Additionally, Platinum and Gold wireless headsets as well as all other third-party headsets that connect through the USB port or audio jack will be compatible with PS5, but their respective associated apps will not work.
Additionally, at the bottom of the blog post, there is a disclaimer stating that not all PlayStation or third party licensed accessories will work on PS5. Sony suggests that you check with the manufacturer if yours will work.