Is it possible to upgrade virtual Windows 10 machine from 32-bit to 64-bit?

Greetings,
I'm not sure if this is the correct forum but I'll start here.
I am running the latest version of PD on a Mac desktop running 10.15.4.
The system was built in 2017 so the host machine is 64-bit.
My Windows 10 VM was upgraded long ago from Windows 7. The OS is 32-bit.
Is it possible (or advisable) to upgrade my installation of Windows 10 to 64-bit, or, should I start with a clean slate and create a new VM then migrate the apps and data over to it?
Any advice would be much appreciated.

 

Hello, we recommend to create a backup copy of your VM and try this solution.