Article for those who dont want a video: https://www.gamesradar.com/games/final-fantasy/after-13-years-a-new-version-of-final-fantasy-7-is-replacing-the-current-version-on-steam-and-square-enix-hasnt-explained-whats-different/
Steam: https://steamcommunity.com/games/39140/announcements/detail/514107648813039663
Square Enix has announced a brand-new version of Final Fantasy VII for Steam. This is not a patch. It’s a replacement.
The existing release will be renamed FINAL FANTASY VII 2013 Edition, while a new version becomes the default Steam listing. Existing owners get both versions for free but save files will NOT be compatible between them.
If you want nostalgia for a remake of a game that came out close to the year 2000, I would instead recommend Trails in the Sky First Chapter. Unlike the dumb time travel ghost shenanigans, it’s actually a remake of an old JRPG. It tunes up battle mechanics, but also respects what worked in the first game.