Yes.
Olanzapine can cause galactorrhea (milky nipple discharge) by increasing
prolactin through dopamine D2 receptor blockade. It is generally less likely to raise prolactin than risperidone or paliperidone, but it can still happen, including after longer-term use. The
FDA prescribing information specifically lists elevated prolactin and reports galactorrhea among possible associated effects.
A recent systematic review also supports that antipsychotics can produce dose-related prolactin changes, including with olanzapine (
PMID 40830715).