Yes, and it's quite simple. You can buy a new fan, it's not terribly expensive, but you can also change the bearings.
It is a little more technical to change bearings, which requires a few tools, but it is a cheap operation, it takes 10-15 minutes if you have tried it before.
Before twisting it all the way, be aware that the nut has a left-hand thread.
You can lubricate with a little oil, but this is a short-term solution, as it worsens the situation rather quickly, but a few days until spare parts arrive can be fine.