A handful of hard drives to consider following the latest PS5 firmware update. Updated on 13 April 2021 With the announcement this week that a new PS5 update will finally allow you to move PS5 games to external USB storage, we thought it would be wise to take a quick look at some of the best external hard drives for PS5 game storage. Before we get into it, if you've already purchased an external hard drive for PS4, you should have no issues using one of these for your PS5 as well. It may need to be reformatted when you plug it in (which will wipe all current data on the drive) but after that quick process, you'll be good to go.