Certainly possible, given that OV came on strong last year. Here is an out for Hickey to make this happen- It was Ireland's deal. If it happens expect Hickey to say Dion does not fit his vision of the team he wishes to create.
See, the flip on Jordan is that right now he is worth more to other teams than to the Dolphins.
In addition, if memory serves me right. Trading Jordan would leave Fins with something like $12 in dead money.
I do not see Jordan getting move for anything less than 2 1st's. Maybe 1st, 2 2nd's and some scrub late round picks.