As the value of Bitcoin increases and the number of Bitcoin lost by its owner, it is possible that there are certain individual or group that is dedicated to creating an application that can hack into the bitcoin system and recover the lost BTC.  I think this kind of technology is more on hacking the system and also might compromise the whole network if successfully created.  

But the future is unknown so we can only say that there is a possibility but as long as the Bitcoin developer does not agree on this procedure then I believe there is a slim chance for that to happen since the Bitcoin developer will continue to strengthen and upgrade the security of the network if needed.