No, [yù] has only one pronunciation.

the following is the related introduction of Chinese characters:

Chinese characters (pinyin: hà nzi, phonetic notation: ㄏㄢˋㄗˋ), also known as Chinese and Chinese characters, are also called square characters, which are the recording symbols of Chinese and belong to morpheme syllables of ideographic characters.

One of the oldest characters in the world, with a history of more than 6, years. Gradually change from graphics to strokes, pictographs to symbols, and complexity to simplicity in form; In the principle of word-making, from ideographic, ideographic to phonological. Except for a few Chinese characters (such as "Zi", "Zi", "Zi", "Chi" and "Zi"), they are all one Chinese character and one syllable.

Modern Chinese characters refer to the capitalized Chinese characters, including traditional Chinese characters and simplified Chinese characters. Modern Chinese characters evolved from Oracle Bone Inscriptions, inscriptions on bronze, seal script and seal script to official script, cursive script, regular script and running script. Chinese characters were invented and improved by the ancestors of the Han nationality, which is an indispensable link to maintain the dialect areas of the Han nationality. The earliest existing Chinese characters are Oracle Bone Inscriptions of the Shang Dynasty in about 13 BC and the later inscriptions on bronze.

refer to Baidu encyclopedia-Chinese characters for the above information.