Apologies for bumping an old topic, but partial support for this has been added into Retroarch 1.17:-
https://www.libretro.com/index.php/retroarch-1-17-new-netplay-features/
This will only work with a handful of games that supported the GBA Wireless Adapter, so for example no Mario Kart Super Circuit.
However, apparently it works well with Mario Golf and Pokemon Emerald/Fire Red/Leaf Green (https://www.davidgf.net/2024/01/13/gba-wireless-adapter/)