It's sort of possible, depending on what you actually mean. As a new developer your use of the terminology is understandable, but it's still difficult to work with unless you make that extra effort towards clarity.
Certainly I have a form that allows both of :
- Clicking on a hyperlink value and linking to the address.
- Creating a hyperlink from selected text and then linking to that address.
These are different operations, as one is inbuilt into Access while the other involves some programming.
If you can be clearer about what you're asking, we can try to be more specific in our help.