Nintendo not too concerned with classic Zelda titles, "difficult to say" if they'll revisit that style
The future is now
Nintendo has already said that The Legend of Zelda: Breath of the Wild/Tears of the Kingdom are the new format for the series to build on. That’s certainly worked out incredibly well so far, but some longtime fans would still love to see a new Zelda that mimics the older titles in the franchise’s history.
In an interview with RTL Nieuws, Zelda series producer Eiji Aonuma was asked about the potential for a new installment in the Zelda franchise that played closer to what the legacy entries offered. You can see Aonuma’s response below, as translated by Nintendo Everything.
It’s difficult to say anything about the future. That being said: thanks to previous Zelda games, a game like Tears of the Kingdom now exists. This game originated from the ideas that we had in the past. We always try to create something that offers more than previous titles. In that respect, we really aren’t concerned with our older games anymore. We prefer to look to the future.
This response certainly doesn’t give much hope for a new Zelda title closer to classic entries, but with Nintendo, you never really know what they’re cooking up. That said, they’ve clearly found incredible success with this new format for Zelda games, so it would be hard to imagine them going back to the traditional style.