The measurement extrapolation (ME) algorithm was devised to fuse delayed measurements in the Kalman filter. It is a suboptimal algorithm that greatly reduces the computational burden of the optimal Reiterated Kalman Filter (RKF). ME can be used in embedded systems that lack the required computational resources to compute the optimal estimate. However, it has not been extended yet to be applied in a distributed sensor network. Furthermore, it is verified here that the original ME algorithm provides a biased estimate, which can degrade the estimation accuracy. Thus, this work proposes to extend ME to fuse delayed measurements received by nodes in a distributed network, and to remove the bias using Bayesian concepts, improving the accuracy of the novel method. The ME computational burden and memory needs are theoretically analyzed and compared to those of the RKF. Finally, simulations of a simplified distributed network are presented to measure the performance of the new algorithm with respect to RKF and to validate the theoretical analysis. The results show that ME can provide an estimate with acceptable accuracy whereas the computational burden is greatly decreased and the memory requirements are only slightly increased compared to RKF.