In the latest Nintendo Direct, Cloud has been formally announced to be a character in Super Smash Bros. Like Ryu, it appears that Cloud will come with a new stage from his respective franchise. The reveal also showed Cloud in two different sets of costumes, and it even dropped a new Chocobo Mii costume. Cloud’s Final Smash appears to be a Limit Breaker from Final Fantasy VII. More is still being reported as we speak, so stay tuned to Gamnesia for more.
Source: Nintendo Direct