An upgraded special edition release of Dragon Ball Z: Budokai 2 (which was known as Dragon Ball Z 2 in Japan) was released exclusively in Japan and titled "Dragon Ball Z 2 V".

Only 1000 copies were produced and sent out to readers of the magazine V Jump. This version featured a special Tenka'ichi Budōkai stage with V-Jump plastered over the ring, all characters unlocked from the start, and an alternate Coola costume for Freeza.

However, players were unable to save the game and all capsules were automatically assigned to characters.