
Here's how to set up and play PSVR on PS5. PlayStation VR is a virtual reality system for the PS4 and has been confirmed via Wired [1] to be backwards compatible with the PlayStation 5.
O PlayStation VR includes a headset, external processor unit, in-line remote and connection cables and on the PlayStation camera. HD camera for PS5 does not work with PSVR. You need the PlayStation Camera (PS4)

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PSVR to PS5 Adapter
To play PSVR on your PS5, you will need a special adapter. It cannot be purchased anywhere. Instead, you need to fill out a form and wait for Sony to send it to you, as receipt of the device is not guaranteed.
You can fill out a form on the PlayStation support site.