Yes.
VSELECT is an output signal used to change the voltage of the external power supplier.
See bit definition in imx6q/dl spec:

For details you can refer to imx6q/dl reference mannual.
BTW, imx6q sabresd does not have a external control circuit on board to switch signal voltage between 1.8v and 3.3v.
That means imx6q sabresd does not support working on 1.8v mode, as a result, not support SDIO3.0 too.
If you want to try SDIO3.0 you can use imx6q/dl sabreauto board which has that external voltage control circuit on board or imx6sl evk.
Regards
Dong Aisheng