Does anyone know if it’s possible to tailor a wool blend coat?

So I bought this wool blend coat yesterday on sale for $129! It was an awesome sale I just couldn’t pass up since the coat regularly cost $325. Unfortunately I had to buy a Medium as the small were all out of stock so it it slightly baggy on me but if I wear a hoodie then it’s not bad. I do plan on losing some weight tho and worry that it may look way too big after. Does anyone know if it’s possible to tailor a wool blend coat?

Here is the coat if that helps