According to CVG the Japanese giant will make the grand unveiling at the Tokyo Games Show, which begins on September 19th.
Excitingly, a developer told CVG that Drive Club developer Evolution Studios is working with the headset in order to create a cockpit view mode for the PS4 launch title.
The report claims Sony is currently decided whether to push the headset as the difference-maker in its battle with Microsoft or to play it down as a "non-essential add-on."
Apparently Sony had planned to go public with the wearable gaming peripheral at last month's Gamescom expo, but the plans were dropped at the last minute.
CVG says the launch has been complicated by the impressive Oculus Rift headset, which represents the finest example of virtual reality gaming ever witnessed.
The industry is particularly keen on the device and, while Sony's entry into the market would make it a Rift rival, there are rumours suggesting the two companies may team up. Oculus has been coy about next-gen consoles so far, suggesting it may focus on PC and mobile games to begin with.
Sony has already said it will showcase over 50 PlayStation games at TGS, including 10 PS4 games, but the launch of a VR headset would surely upstage them all. Watch this space.