Welcome to the 'Downs, TheLostPilgrim!
And it is an interesting idea that you propose. Especially because it is so unusual - combining two of the big mysteries of Middle-Earth into one. However, probably you are right in that it is very unlikely for Tom to be one of the Blue Wizards. In the Unfinished Tales there is quite a bit of the talk about the two Blue Wizards, even their names are told, and it is said they both disappeared in the East.
That is not to say that if you wished, you could still interpretate it however you wish. I don't think the possibility is entirely unimaginable. One of the Wizards could have changed his name for the public (or simply adopted a name given to him by others, like Hobbits) and retreated into the Old Forest. But "objectively judging", Tom most likely was not one of the Blue Wizards - at least clearly not in Tolkien's mind, anyway.
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"Should the story say 'he ate bread,' the dramatic producer can only show 'a piece of bread' according to his taste or fancy, but the hearer of the story will think of bread in general and picture it in some form of his own." -On Fairy-Stories
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