No, and LIB files is not supported by Delphi for good reason, which is hell of naming and scope, doable though.
LIB files are merely a package of object files (.o or .obj), which does have COFF format only with files/sections, in other words it is an uncompressed container of list of files, and that is it.
You can use LIB in Delphi but you need to do some conversion first:
1) unpack all the object files form the LIB, there is many tools on the net to do so, there is many tools to do so but you need to search for them and try the one that work with your lib file as different compilers tend to produce a little different lib format or tweaks, while most such tools are built for specific format/tweaks.
2) link the unpacked objects files into one object file, many linkers do this with the command -relocatable (or -r) , though not all linkers support wildcard like *.o and you need to list all the names of object files, and the -o parameter will give you the one linked (combined) one object.
3) use the one object file from (2) same as you use o files, in this case it is the lib itself.
extra info
https://stackoverflow.com/questions/3811437/whats-the-format-of-lib-in-windows