Hi, Chong
Thank you for posting in Microsoft Q&A forum.
Yes, we can use the Content Library Transfer tool to transfer content from one disk drive to another.
Run ContentLibraryTransfer.exe as a user with administrative permissions on the distribution point.
ContentLibraryTransfer –SourceDrive D –TargetDrive E
For your reference:
https://learn.microsoft.com/en-us/mem/configmgr/core/support/content-library-transfer
https://www.deploymentresearch.com/moving-the-configmgr-content-library-to-another-drive/
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