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As of this writing, Cory Barlog hasn’t made any official statement on DLC for Ragnarök as he did for the previous game. However, we can safely assume that the dev team at Santa Monica Studios will approach post-launch support for the game in the same manner as the first title.
Like its predecessor, Ragnarök did not release with a New Game Plus option at launch. It’s quite possible that this feature will be patched into the game in the future.
God of War: Ragnarök is available on PS4 and PS5.
Source: https://www.distractify.com/p/god-of-war-ragnarok-dlc
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