maybe but if so it would have to be pretty extreme, like, "TM pressure compresses blood vessels so much that you get ischemic events causing cochlear damage".
If this is possible, it's not actually documented anywhere.
Here's an article that sketches out some possible triggers:
https://www.verywellhealth.com/temporomandibular-joint-disorder-1046500
The thing to know is that
in a huge majority of cases, even if not quite all, the "hearing loss" that occurs with TMJ will resolve when the TMJ is treated properly. I know that if I start to neglect my TMJ treatment, first my jaw gets "clicky", then it gets "painful", then the ear feels "muffled" and at that point my hearing is somewhat impaired (which I think can actually cause temporary tinnitus spikes after a few days).
This always reverses itself once I get my TMJ into a better state, and, interestingly, two or three times during meditation (specifically a posture that takes stress off my jaw completely and encourages those muscles to relax) I have had the experience of my ears spontaneously "opening up" during meditation, and having the relative quiet background noises of the room become much clearer and easier to hear.
Before you spend a million dollars on bite splints or surgery or any other invasive TMJ work, you might want to check this book out:
https://www.amazon.com/gp/product/1572241268