If the queue does not have any output connections, then no. Generally the queue should not have any pending events that directly reference the item after the 'Send to Port' logic has fired.
If the queue does send the items somewhere on its own and a task executer is on the way to pick up the item, then moving the item will not stop this task. The task executer would still move to the queue and the item will be teleported back to them.
You would need to find a way to identify the correct task executer and manually finish their task sequence. I would generally try to avoid mixing process flow and 3d-logic like this though (where a task might be triggered/controlled by either).
