The Xposed Framework creator has just shared the very first information about Xposed for Android 5.0 Lollipop saying it is “working very well already” and coming soon. The screenshot shared by Rovo89 shows the Xposed module working on Nexus 5 running Android 5.0.2 LRX22G.
Currently, the Xposed Framework isn’t compatible with Android 5.0 even though it has been several months since it first came out. Xposed allows users to modify their OS to their liking with features that were previously only available via custom ROMS or by installing Mods but without losing the stability, simplicity & reliability of pure vanilla Android.
If you want to get it as soon as possible we highly recommend you keep an eye on the official Xposed thread on XDA where you will be able to download and install the Xposed Framework for Android 5.0 Lollipop