Short answer: yes. This has been discussed as a potential complication during open water swimming and triathlon.
https://sportsmedicine-open.springeropen.com/...86/s40798-018-0158-8
More commonly called SIPE (swimming induced pulmonary edema) around here, it is a topic of emerging research interest. Probably sharing common features with high altitude pulmonary edema and laryngospastic negative pressure pulmonary edema.
This would also be a good time to define the term drowning: “the process of experiencing respiratory impairment from submersion/immersion in liquid.” Drowning therefore can encompass a number of negative pathophysiological responses including the above mentioned acronyms as well as cardiac reflexive dysrhythmias and of course aspiration and resulting hypoxia.
Anyway. It’s complicated but interesting. There was a study that was recruiting triathletes a few years ago. Some researchers from Duke if I recall correctly.