I've nerver seen actual research on this before but I would say that you should be fine based on the fact that the majority of athletes train in that way anyways.
The 3 possible results I see from this are:
-You retain your current muscle mass because of the lifting (and gain strength) while leaning out and losing bodyfat.
- You gain muscle mass while not gaining any bodyfat
- You lose some bodyfat while gaining some muscle
None of those possibilities look bad to me.