Magic Potions are items that appear in both The Legend of Zelda: Oracle of Ages and The Legend of Zelda: Oracle of Seasons. This mystical brew has the power to heal injuries and cure ailments. If Link's health is depleted, this item will automatically be activated, restoring all of Link's health, similar to a bottled Fairy.
In Oracle of Ages, Syrup's Potion Shop is located in north-eastern Yoll Graveyard. In this game, obtaining a Magic Potion is mandatory for Link to complete the game. Link must give a Magic Potion to King Zora in order to cure his sickness. In exchange for this, he receives the key to the Eyeglass Isle Library.
During the development of Twilight Princess back when it still had a Magic system, their was a Potion called Magic Potion and presumably was the potion equivalent of beta Green Chu Jelly as it is depicted as form of Green Potion. However presumably when the magic system was strapped so was the Magic Potion and Green Potion. However it still exists in the game's code and can be unlocked through the use of a GameShark cheat. Like Green Chu Jelly its description box lacks any text beyond its name.