As a dynamic non-destructive testing technology, acoustic emission (AE) detection technology can locate the early damage of equipment and provide data support for health management. In order to improve the accuracy of wireless AE-based location, this paper proposes a Taylor expansion least squares algorithm to concern network delay. Firstly, according to the planar four-point positioning structure, a wireless AE detection system based on star topology is constructed, and the Taylor expanded least squares localization algorithm is then proposed. Secondly, the network queuing delay is analyzed, and the algorithm is modified with weighting factors of delay. Finally, simulation results show that the accuracy of the network delay-weighted algorithm has been improved.