Board Thread:Naruto Discussions/@comment-28450860-20160622145346/@comment-25122992-20160622150116

Theoretically yes, because of Indra and Asura chakra mixing together and forming Hagoromo's chakra, which exactly allows to awaken the Rinnegan. But practically we've never got to see this, since it's always shown in the order of Indra's reincarnate receiving Asura's chakra and awakening the Rinnegan, not vice versa.