Honest thoughts here.... Probably not. While I have seen many turn around cases, more often than not a fish that has declined this much is probably not going to turn around. The fin rot is a sign that there is probably underlying organ issues, and probably had issues with absorbing nutrition from foods. Parasites will damage tissue impairing nutrient uptake. Then the fish starts to waste away.. The color fades, the appetite disappears, and muscles atrophy and fins erode. Its just not a good prognosis. Discus can take months to waste away and go all that time with no food....its heart breaking to watch it happen, but sometimes it just does...sometimes its parasites,other times its tumors etc.
I'm not telling you to not treat this fish, most hobbyists come to the realization sooner or latter when they see little improvement that its time. Personally I would not treat it and would euthanize it...even if it turns around it will probably be the weak link in your tank and odds are it will never get that brightness back in its eyes and scales.
I'm really sorry,
Al