SRM - preserving IP address when failing over VM

Hello

I have a query in relation to the SRM failover. We have an appliance which has the IP address of the VM hard coded, This appliance exist in both Site A (10.3.20.0/24) and Site B (10.2.20.0/24),

If the VM was to failover from Site A to Site B using SRM, is it possible to preserve the IP address so that the appliance can continue to work.

All our sites are part of a Managed WAN, and the SRM will be happening over the Managed WAN as well.

please let me know if you need any more information.

many thanks

Upen Desai