Guys, Can a situationship turn into a relationship?

There is a friend of mine in university I really like. We first noticed each other in September, when a new semester started. A few months later we started talking more extensively and there's even been nights when we talked all night. In one of such nights we both confessed our feelings and it's mutual.

He rarely messages me outside of university, but when we're in university he always sits next & super close to me (by 'super close' I mean his arm, leg or knee touches mine) and we always talk.

We are quite similiar and have specific needs in a relationship that work well together, but our values at the moment don't allign (I told him I am open to changing them in the near future). Is there a chance to make this work at all or no?

Guys, Can a situationship turn into a relationship?
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