Next-gen versions of Cyberpunk 2077 and The Witcher 3: Wild Hunt have been delayed into 2022. CD Projekt Red recently announced the news citing "additional time" is needed for both projects.
The powers that be have decided that both projects need more time in the oven before they are presented to the world. As it stands right now, the release date for the next-gen edition of Cyberpunk 2077 has been moved back to the first quarter of 2022.
The Witcher 3: Wild Hunt's next-gen version was also delayed. Xbox Series X|S and PlayStation 5 owners can look forward to playing as Geralt in the second quarter of 2022.
Here is CD Projekt Red's announcement in full. The following block of text was translated from Polish.
"CD PROJEKT S.A. (hereinafter referred to as “the Company”) wishes to provide an update regarding its publication schedule for 2021 as concerns the release of dedicated versions of Cyberpunk 2077 and The Witcher 3: Wild Hunt for next-gen consoles (Xbox Series X|S and PlayStation 5). The Management Board of the Company hereby announces that, based on recommendations supplied by persons supervising development, it has decided to allocate additional time to both projects. The Company currently intends to release the next-gen version of Cyberpunk 2077 in the first quarter of 2022, and the next-gen version of The Witcher 3: Wild Hunt in the second quarter of 2022."