Cyberpunk 2077 is expected to get a next-gen update for PS5 and Xbox Series X in 2022, but the game is still playable on the consoles right now through backward-compatiblity.
All updates for Cyberpunk were recently delayed into 2022, alongside The Witcher 3's next-gen update.
But, this could be a good opportunity to pick up the game cheap before any more free DLC or the next-gen update hits.