Yeah they'd never do that more than likely. Maybe her own game of some sort, but theyve already stated Zelda games you play as link. They wouldnt want to muddy the water. With one if their number one games.
The sad thing is that Philips still has one on Nintendo in that they are STILL scared shitless to do one because they refuse to acknowledge CD-i happened after 25 years... For crying out loud, admit they existed already. Philips and the CD-i wins until you do, lol.
I want a LoZ / Mario collab... like, Link to the Mushroom Kingdom. Somehow Link gets trapped in the Mushroom Kingdom and Mario gets trapped in Hyrule... they have to do a combination of puzzles and platforming to fix it