The 2020 iMacs have (for all practical purposes) NON-replaceable internal drives, which are tied into the t2 control chip.
You can DISABLE some of the t2 restrictions by booting to recovery (or internet recovery) and then going to the "startup security" utility, BUT... it will require an administrative password to open it. That means you have to do a basic setup FIRST, which creates an administrative account.
This was one of the first things I did when I got my 2018 Mini (which also has t2) -- go to Startup Security and DISABLE it, as much as it could be "disabled"...