Definitely not. Elena is irrevocably in love with Damon. All that Stefan and Elena will ever be is (platonic) friends. She is way too in love with Damon to even contemplate dating anyone else. And it will always be that way.
No elena already made her choice to be with damon. She loves Stefan very much but she is head over heels for damon. Stefan understands and knows that they are miserable without each other. Stefan is going to realize that he is falling in love Caroline.
Elena fell out of love with Stefan somewhere in the 2nd half of season 3. Season 5 made it crystal clear that her feelings for Stefan are strictly platonic (and vise versa). There is no way she will fall in love with him again in the show's timeline, let alone act on her feelings.
I agree with thisthat12 elena started to fell out of love with Stefan in season 3 and season 4 she was complete she wasn't in love with him the compulsion of rebekah says all I don't understand why stelena fans can say that she is in love with Stefan after that. and she is very in love with damon more than she was been with Stefan so ... and stelena doesn't make sense right now and even if they start dating which will not happen will not work because how the things went since season 1 their relationship will never be the same