Absolutely. I was just reminiscing about a '97 game called "Claw". The studio that made it shut down earlier this year and I wish I could make a sort-of remake of it, but you legally can't. It's not even clear who owns the rights to it anymore.
I mean it's 2D platformer, you should be able to reverse engineer the engine and reuse the assets. I mean the have bit perfect decompiles of N64 games to C now. It's doable.