It's not that complicated; Sony wants their movie to be at least seen as part of the MCU. However, only Marvel Studios can make that a reality and so far, they have not.
In summary, Morbius is not part of the MCU, and therefore not in continuity with either Spider-Man: Homecoming or Far From Home. However, similar events, like Spidey being declared a murderer, may have happened in both series, even if the circumstances had to be different in the Sony one.