As long as we have the track available for you to license, this should be possible.
However, adding music this way can cause issues because Content ID has more difficulty recognising it and can sometimes claim it as a different song or different version of the song.
This would result in us not being able to clear the claim for you.
Therefore, you should always add music in post-production instead (if possible). Or if you already have music playing in the background of your footage, add the licensed track in over the top as well.