Yes, it is possible and there are many ways of doing it depending on the type of graphics object you have in the figure. Here is a sketch in which a line is copied from one axes to another using copyobj()
f1 = figure;
ax1 = axes(f1);
s1 = scatter(rand(1,100), rand(1,100));
f2 = figure;
ax2 = axes(f2);
l2 = plot(0:0.1:1, (0:0.1:1).^2);
copyobj(l2, ax1)
This will give you a general idea. To get a more concrete example, please share the type of graphic objects you have.
