Probably not easily or cheaply. DVI is digital. Component is analog.
not for less than that dvd player probably cost - and besides, do you want to use the scaler in the player or the native one in the tv? unless you got a really high-end player, it's a downhill battle...
btw - there are 3 kinds of DVI, a fully digital only one, an analog one (it's basically component video w/ different pins on one cable) and one that encompasses both - but I'll bet the one coming out of that player is indeed DVI-D aka digital, so that's a moot point.