A magnum action will work, with a few considerations.
First, you will need to determine whether you have a small or large shank action and order the appropriate barrel. Hint: most WSM,s are large shank. Unfortunately, most Savage barrels are small shank. You just need to ensure that the two are the same when you acquire a barrel.
Second, you need to make sure you get the right bolt head. If your rifle is a staggerfeed, it will have controlled round feeding, and won't have a standard ejector. Your new bolt head will need to be equipped with the standard ejector and the CRF's standing ejector will need to be removed from the action.
Third, you'll probably need a new magazine box and follower.
It may be a lot cheaper to trade your action for a small shank short action that's ready to go for the .308 based chamberings. Creedmoor barrels are easier to find in small shank. Large shank actions are somewhat in demand, there's not a lot out there - I've been looking for quite a while.
As always, YMMV.
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