Parallels and Silicon M1 Running Adobe Creative Suite 5.5 (32 Bit)

Now working on a old Intel Mac there is the question how to run the existing 32-bit programs of adobe - creative suite. 5.5, for example photoshop - on an new silicon mac with M1 power. Is this possible with Parallels and if yes what are the experiences?
I could switch from the old mac to a newer Intel Mac, but that just does not solve the problem, it is a mere transfer to the future.

Thanks for your time and answers