no the engine willnot turn over,the electric starter spins and the hand pull rope is stuck.
If the engine is seized up, and it certainly sounds that way, then I would tear it down to see if there's any chance of salvaging it. It sounds like the rod didn't break so you may be able to fix it.
What may have happened is the rod has started to melt into the crankshaft. Almost no small engine uses insert bearings so when the oil, which actually acts as a bearing, goes away and you have metal on metal contact, the rod will start to melt. That intense heat can cause the rod to break down structurally and then snap and do all sorts of damage.
Since it doesn't sound like the rod broke, you may be able to get by with a rebuild. If there's crank damage, you'd need at least a shortblock.
You don't want to try and get this engine freed up as you may do more damage to it and ruin you chance at a rebuild.
Let me know if you have any questions aboput this. I won't be back until late this afternoon buit will check back then. Thanks, PK.