Yes, there is actually a female Link according to a recently released book titled Hyrule Warriors that shows her as a “previously unseen rejected character” named Linkle. The Japanese translations shed a little light on her origins and show that she’s not exactly an alternate to the male Link:
The art book explicitly states that the character was “devised as being sister-like” note that the text actually says… “imouto teki,” which means “little sister-like.”
This probably isn’t Link’s actual sister, but more of a sister-like character that could have appeared in the game had she made it past the concept stage.
See more pictures after the break.
Image via Go Nintendo
Image via nintendokyo