this is has been proven false. Sakurai (rightly) said cloud represents ALL final fantasy.
Sakurai: Final Fantasy (
FF below) is one of the few uniquely Japanese game series revered by players around the world. I think fans across the globe have hoped a character from one of those series would appear in
Smash, so it was only a matter of time. At the same time, there are only so many big-name titles we can work with at this point—mainly because we’ve covered most of those bases. Aside from the major globally-recognized franchises already featured in
Smash, there really aren’t that many left.
—That’s true. No other franchises come to mind.
Sakurai: Exactly. And within the
FF franchise, Cloud is without question the most popular choice. A number of people fixate on the fact his original game was never released on a Nintendo console, but if we were to limit our choices to characters who appeared on a Nintendo console, we’d end up with Bartz from
FFV or the Onion Knight from
FFIII—how would that work? Maybe they could change jobs or something… Actually, that would be kind of interesting (laughs).
(Everyone laughs)
Sakurai: At the same time, I think it’s only natural to prioritize the character who enjoys worldwide popularity. I might have had misgivings if Cloud had never appeared on a Nintendo console in any form, though.
https://sourcegaming.info/2016/02/23/nintendo-dream-interview-with-sakurai-part-2/