Miyamoto stated that he would like to remake a new Zelda game either based on or starting from A Link to the Past.
Last year the respected developer already stated that he would like to make the game for the 3DS, but speaking to Edge he stated that he would like to make a new game with a similar style instead of an exact remake.
Miyamoto also stated that while he doesn’t have the time to oversee a game like that himself, there are other game directors who could be suited for the job.
So it all really comes down to the number of available directors at Nintendo, and which one Miyamoto trusts. Based on that, we may see a game based on A Link to the Past. Or we may not see anything at all, which is perhaps the most probably outcome.