
Zelda is voluptuous, however this shouldn't be of much concern.
The game contains some mildly suggestive material: fairies with moderate cleavage and/or exaggerated-size breasts; dialogue such as "I get to see a young hunk draw a bow again?" and "If I have to have something pounce on me, why couldn't it be a lady?"
The main character, Link, can be dressed or undressed at the player's will, but he is always with an underware shorts when undressed. One character berates Link for his immodesty should he happen to not be wearing a shirt and/or pants.
After an artifact is stolen from a villige by the Yiga Clan, a resident of that villige becomes scared and asks Link to sleep with them. It is completely optional, as It is a sidequest, and it doesn't really imply anything, but it's worth mentioning.
A girl named Paya asks Link to "spend the night with her" implying that he slept with her.