Hi,
Yes, it is possible. Usually these attributes are either taxonomy terms or custom fields. Using the Advanced title and content fields you can print taxonomies and custom field values to the results.
In your case, to find the taxonomy names of the variable attributes, you can use the taxonomy list under the General Options -> Sources 2 panel, here: https://i.imgur.com/bjHRMCd.png
In my case the taxonomy name is pa_color (as product attribute color). Now with the advanced fields, you can use that to print out the colors, like so:
[Color: {_taxonomy_pa_color}]
If you check the documentation above first, it will make more sense. Let me know if you have any questions.