Yes you can

/execute as u/a[distance=…2] if entity u/e[type=item,nbt={Item:{id:“minecraft:^{(item)***“,tag:{display:{Name:'{“text”:”***}(Your Item Name)”}'}}}}] run tp u/s ~ ~ ~

u can also if player drop the item. The item destroy and get back
Detect when a player drops an item:
/execute as u/a[nbt={SelectedItem:{id:“minecraft:^{(item)***“,tag:{display:{Name:'{“text”:”***}(Your Item Name)”}'}}}}] at u/s run tp u/e[type=item,sort=nearest,limit=1] ~ ~ ~

Destroy the item:
/kill u/e[type=item,sort=nearest,limit=1]

I don’t know if it’s work in multiplayer, please verification the command

you can do if player drop the item here a tutoria:

/execute if entity u/e[type=item,nbt={Item:{id:“minecraft:^(Item)”}}] run tp u/a ^(~ ~ ~)

set this to a repeating command

Go to any snowy biomes and type /weather rain

Bro Free Palestine