If you're talking about Sacred or Holy Tradition in a Roman Catholic sense (progressive tradition), no. Nor in an Eastern Orthodox sense (fixed tradition).
Lutherans are firmly Sola Scriptura. This means Scriptures are always of higher authority than any Church Father, tradition, movement, council, or theologian. However, Lutherans greatly value tradition, and we follow in the steps of the western Church, notably Augustinian. The Lutheran Church can be traced back in tradition to the early Church - there's nothing novel about it. This was one of the great points in the Augsburg Confession, and why they cite the early Fathers, to show Rome that we teach in accordance with tradition and Scripture.
Very simply, the Lutheran Reformers were Evangelical Catholics, who reformed conservatively; everything against Scripture was disregarded, but anything adiaphora (things neither commanded nor forbidden in the Bible), valuable for good order and edification was kept, which is why we maintain the liturgy and vestments etc. This marks a big difference between the Lutheran Church and the Reformed Churches, especially those of Zwinglian and Anabaptist heritage. Those were radical reformers who opposed any kind of tradition. Lutherans maintain tradition, but tradition is always governed by Scripture.