PlayStation fans got the news they have been waiting for after Sony announced the new PS5 will be released on November 19 in a major announcement.

The console will cost £449.99 in the UK.

Trailers for a number of new games were shown online in the PS5 Showcase Live before the big reveal.

The games showcased included Final Fantasy XVI, Harry Potter game Hogwarts: Legacy and Resident Evil VIII.

It will be released on November 12 in USA, Japan, Mexico, Australia, New Zealand and South Korea, while in the UK it will be released a week later on November 19.

Sony revealed the key details for the PS5 release

Gaming fans could barely contain their excitement at the highly-anticipated news.

One wrote: "Sony did it, the smacked with PRICE... wow... wow... this PlayStation 5 hype train isn't gonna stop #PlayStation5."

Another uploaded a meme of Arnold Schwarzenegger eating noddles and joked: "Me eating noodles for the next three months to pay for the PS5."

The digital only edition costs £359. Other game trailers to be featured in the showcase were Spider-Man: Miles Morales and Demon's Souls.

Spider-Man: Miles Morales was one of the games featured in the launch

There was even better news for gaming fans after PlayStation revealed when they would be able to pre-order their console and favourite games from.

The official Twitter account tweeted: "PS5 pre-orders will be available starting as early as tomorrow at select retailers."

One fan wrote: "I don't know about you guys, but definitely getting the PS5 Digital Edition. Sony has been crushing it."

Another added: "Weird how the UK have to wait one week after release to get our hands on the PS5. I’ll be getting the digital one purely because when you get a disc you have to download stuff anyway."

The Sony PlayStation 5 standard and Digital Edition consoles, controllers, Media Remote, Pulse 3D wireless headset, Charging Station and HD Camera

The hashtag #PlayStation5 is trending in the UK, along with games such as Demon's Soul and Final Fantasy, with hundreds of thousands of people tweeting about it across the country.

One gamer who watched the reveal said: "So I'm saying is that the PS5 literally obliterated Xbox and this is coming from someone who regularly plays Nintendo."

Another claimed: "So i'm getting the PS5 so soon."

"If you think I would put my reputation on the line and upload a video of me twerking just to get a PS5, you are right," joked another.