Strixhaven introduces Conspiracy Theorist, with the triggered ability:
Whenever you discard one or more nonland cards, you may exile one of them from your graveyard. If you do, you may cast it this turn.
Madness is a keyword ability that let's me cast cards that were discarded for an alternative cost.
Is the following possible for a non-permanent card with madness, assuming timing supports?
Discard card with madness
Exile card, and cast it for the madness cost. It goes to the graveyard on resolution.
cast card with Conspiracy Theorist ability.