How to handle media ckeditor in D9

Hi team,

We are migrating the site from D7 to D9

In D7, media browser is used to add media in the ckeditor and the format is as below:
[[{"fid":"110376","view_mode":"wysiwyg","fields":{"alt":"balcony","height":"581","width":"870","class":"media-element file-default","data-delta":"2","format":"wysiwyg","alignment":"","field_file_image_alt_text[und][0][value]":"balcony","field_file_image_title_text[und][0][value]":false,"field_file_image_caption[und][0][value]":"%3Cp%3EiStock%26nbsp%3B%3C%2Fp%3E%0A","field_file_image_caption[und][0][format]":"full_html","field_file_image_credit[und][0][value]":"","field_file_image_credit[und][0][format]":"full_html","external_url":""},"link_text":null,"type":"media","field_deltas":{"2":{"alt":"balcony","height":"581","width":"870","class":"media-element file-default","data-delta":"2","format":"wysiwyg","alignment":"","field_file_image_alt_text[und][0][value]":"balcony","field_file_image_title_text[und][0][value]":false,"field_file_image_caption[und][0][value]":"%3Cp%3EiStock%26nbsp%3B%3C%2Fp%3E%0A","field_file_image_caption[und][0][format]":"full_html","field_file_image_credit[und][0][value]":"","field_file_image_credit[und][0][format]":"full_html","external_url":""}},"attributes":{"alt":"balcony","height":"581","width":"870","class":"media-element file-wysiwyg","data-delta":"2"}}]]

In D9, If we use media in ckeditor which is in core, it is in different format like below:
<drupal-media data-align="center" data-entity-type="media" data-entity-uuid="4334dc7d-4764-4435-a993-c59f02ba958d"></drupal-media>

How should we handle this in D9 to make this work in migrated content?