Can I safely ignore the Relocated Items folder, or do I need to something?

Hi Bill Roberts,

Thanks for reaching out through Apple Support Communities. We're glad to help with your question about this Relocated Items folder.

This folder may appear after upgrading macOS if there are items that were previously saved in incorrect locations where system files reside. You may review the items in this folder, and decide if you'd like to keep them, move them, or delete them.

Here's a guide with more information:

If you see a Relocated Items folder on your Mac after upgrading macOS

Have a great day!