Hellblade II was recently announced for a Summer 2025 release date for the PS5. After launching for the Xbox Series and PC on May 21st, 2024. However, according to a rating on the ESRB, the game will be published by Limited Run Games, a company known for releasing physical versions of digital-only games.
This is something that is highly probable as the first Hellblade game did also get a physical release eventually, but the details associated with the physical release are yet to be seen such as extra goodies or a release date. Until then, it will be worth keeping an eye out from Limited Run Games if you would like to grab a copy for yourself for this title.