The ITRF2020 marked considerable innovations compared with previous versions of the ITRF, by modeling nonlinear station motions (seasonal signals and Post-Seismic Deformation –PSD– for sites subject to major earthquakes). It also confirmed the stability of the CM-based frame origin, as sensed by SLR, at the level of or better than 5 mm and 0.5 mm/yr. For the first time in the ITRF history, the scale agreement between SLR and VLBI solutions submitted to ITRF2020 is at the level of 0.15 ppb (1 mm at the equator) at epoch 2015.0, with no drift. Motivated by these results, and for a number of reasons that will be exposed in this paper, the ITRS Center decided to regularly (yearly) update the ITRF2020, with a first update expected to be released around mid-2024. Depending on the input data availability that will be submitted by the four technique services, we expect some preliminary results that will be discussed in this presentation. Emphasis will be given to answer some critical questions, such as: how does the VLBI scale drift evolve after 2021.0? Do the SLR and VLBI scales remain in agreement? Does the SLR origin drift or not from the ITRF2020 origin after 2021.0?