Overnight at SEGA FES 2018 in Tokyo the game publisher announced that Shenmue and Shenmue II will be re-released later this year for PS4, Xbox One, and PC. This re-release will be available either digitally or physically, have the option to use Japanese or English audio, the choice to use classic or modern control options, scalable screen resolution, and an updated interface. There has been demand for both Shenmue and Shenmue II to be available on present-day consoles and PC, as people gear up for the release of Shenmue III.
While we know both games will be available in 2018 we are yet to get a confirmed release date.
Source: Press Release