The only real way to reverse inflation is to reduce the actual supply of money, because it was the increase in the supply of money that inflated them in the first place.

You could, perhaps, do this but the scenario is unlikely. It would involve seizing the assets of a large number of criminals, selling them off and then taking the dollars paid for the assets and burning it, literally destroying the money. Money supply would go down, so each individual dollar would now be worth more, so people would willingly trade goods for fewer of them.