PS4 Champions Edition Free Upgrade to PS5 Version?

I bought the F1 23 Champions Edition whilst playing F1 22 on my PS5, thinking it would provide the PS5 version, but I see in my purchase it shows as PS4.

Will there be a free upgrade at launch or did I need to buy a different version? I looked on the PS store but there is no alternate PS5 version I can buy.

Thanks.