Yes, all versions of the PS4 can play Blu-ray discs, but not if they're 4K — here's what you need to know

The PlayStation 4 and PS4 Pro can play Blu-ray discs, but not if they're 4K UHD Blu-rays. The standard PlayStation 5 can play all Blu-rays.

'Does the Xbox One play Blu-ray?': How to play Blu-ray discs on a compatible Xbox One console

You can play Blu-ray discs on compatible Xbox One consoles by installing the free Blu-ray player app, and inserting the disc.