Many a post WWII Mauser was converted to all sorts of cartridges, from those based on the original mauser case, to cartridges based on the '06 case, to short belted magnums, to who knows what all.
So there is little doubt that it can be done. However, at what cost.... Persian mausers are generally more pricey than other milsurp '98s to begin with, and that will just add to the cost of any conversion. Then opening up the bolt face, feed rails, and so on, keeps bringing up the cost. You have standard costs like bending the bolt handle, drill & tap receiver, new trigger, new stock.... you get the idea.
Considering all the work that needs to be done on an old Mauser, you might think of starting with a cheaper one, like a Turk or a Yugo. After all just about everything but the receiver is tossed, and the receivers generally need to be worked on and refinished. So ugly doesn't cost much more to start with.
Just my thoughts. I have a Turk that I am going to sporterize, and a Swede that I am going to leave alone because it shoots good and looks decent already.