The perfect storyline for The Legend of Zelda live-action film would be the plot of The Legend of Zelda: Ocarina of Time. In November 2023, Nintendo announced the development of a live-action adaptation of The Legend of Zelda, which Wes Ball would direct. Ball has expressed his sentiments about making the live-action The Legend of Zelda movie feel like a Hayao Miyazaki film, focusing on the wonder and whimsy elements that come with his narratives. Still, little is known about whether this movie will feature a new Link and The Legend of Zelda story, or if it will retell the story of a particular game in the franchise.
https://screenrant.com/legend-of-zelda-movie-ocarina-time-story-best-reasons/