The answer is not really, not in any practical way. The force on the airplane from the propellor is not balanced by anything from the wheels when you exclude friction. The wheels just slide on the treadmill. If you have wheels with contact friction that have a huge moment of inertia, like enormous flywheels, and you have contact friction but no rolling friction in the axle, then it is technically possible to accelerate the treadmill an enormous amount to give a force at the contact point of the wheels to the ground which is equal to the force on the airplane from the propellor. This will keep the airplane stationary, since the net force on the airplane will be zero.
This force produces a torque
$$ F R$$
were R is the radius of the wheel, and F is the force from the propellor (the two have to balance to keep the airplane from moving forward), and this leads the wheels to accelerate with an angular acceleration of
$$ \dot{\omega} = {FR\over I} $$
Which for normal wheels will be something of order $F\over MR$, i.e. all the force from the propellor is going to spin the wheels. This ridiculous angular acceleration is unrealizable for real airplanes, considering the small fraction of airplane mass in the wheel and the small radius of the wheel.