I remember someone else talking about a wolf link psa once, but some of the moveset hit a dead end since... wolf link doesn't really have all that much moveset-wise to work off of. One suggestion was that instead of wolf link, wolf link with Midna on top would be made.
This would allow MANY different options, expansions off of all the current ideas. Midna's attacks could be more centered around the B moves, while wolf link could be the smash attacks and all the other A moves.
Model-wise and animation-wise, I have no idea if this is plausible or extremely difficult. This is simply a suggestion that I think would make this moveset twice as awesome.
That would probably require model ports. And even then I don't think you could include Midna if she was going to be somewhat seperated from WL, as most characters only have one set of ModelData for their actual model.