[C2] Can I color a sprite using grayscale

I'm building a split screen platformer game (4 player) and my player sprite has a lot of animations but i also want to have different colors with each characters. So would it be possible to make the clothing on my characters in grayscale and use a function to color them using this grayscale, by doing so, i can avoid copy pasting every animations in different colors. thanks in advance

There are various color effects you can use, but this can be rather wasteful of processing power.

There's also the set color action.