How to replace old image with converted webp image in WordPress media library

I have this hook in WordPress that will convert any uploaded PNGs or JPEGS to WebP images:

 add_filter( 'wp_handle_upload', 'create_webp' );

 function create_webp($file) {

      if ($file['type'] === "image/png") {
      // Create and save
      $img = imagecreatefrompng($file['file']);
      imagepalettetotruecolor($img);  
      imagealphablending($img, true);
      imagesavealpha($img, true);
      imagewebp($img, str_replace(".png" ,".webp", $file['file']), 100);
      imagedestroy($img);

  }
  elseif($file['type'] === "image/jpg" || $file['type'] === "image/jpeg"){
      $img = imagecreatefromjpeg($file['file']); 
      imagepalettetotruecolor($img);  
      imagealphablending($img, true);
      imagesavealpha($img, true);
      if($file['type'] === "image/jpg"){
          imagewebp($img, str_replace(".jpg" ,".webp", $file['file']), 100);
      }
      else{
          imagewebp($img, str_replace(".jpeg" ,".webp", $file['file']), 100);
      }
      imagedestroy($img);
    
  }

  return $file;
 }

So now every time I upload a new image to the media library, a .webp version is also created. However, I would like to find a way to replace the old PNG or JPEG image that was uploaded to the media library with the newly created .webp image. So when I go to the media library in WordPress, I would see the .webp image and not the PNG or JPEG Is this possible?