After firmware update 24.06-10.00.00, you can now only restore individual licenses on your PS5, and you can only select the individual titles from the list of games you have already downloaded, not from your purchases.
See the patch notes here:
They call it an improvement, but it is anything but. This needs to be brought to Sony's attention, because it means that any game you lose access to but haven't downloaded is lost for good at this stage. I've contacted support but they're still working from an old script/manual which suggests you can restore all licenses.
See the patch notes here:
The restore licences feature has been improved, and you can now restore one licence at a time.
Go to Settings > Users and Accounts > Other > Restore Licences to select the licence that you want to restore.
To restore a licence from the home screen or Game Library, go to the game, press the options button, and then select Restore Licence from the menu.
They call it an improvement, but it is anything but. This needs to be brought to Sony's attention, because it means that any game you lose access to but haven't downloaded is lost for good at this stage. I've contacted support but they're still working from an old script/manual which suggests you can restore all licenses.