YES
You could create a disk, attach it to another VM and use a copy tool to keep synchronized to the disk.
When you convert the machine you must convert only system disk (usually C:), shutdown both VM (the newly converted one and the one who have the disk attached) and simply change the disk owner.
For best practice, I'll suggest you to make a cold clone of the system and stop all services before running the last synchro between the two disk.
So :
create a new disk and attach it to an existing VM
copy (and keep snchronized) all adata between this disk and the machine you have to convert
stop all services and application writing on that disk on the original machine
do the last synchro
cold clone the machine
shutdown the helper VM
detach from the disk from the helper vm
attach the disk to the newly converted machine
startup the converted machine
Hope to be clear
Riccardo Riva
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