"Preparing" a Grignard reagent in an alcohol solvent has been done.
I'll try and find the reference, but it was hown that in CH3OD solvent, organic bromides react with magnesium metal to form deuterated organics. This was presented as evidence that free radicals diffusing freely in solution are not intermediates in Grignard reactions, since a free radical would abstract a hydrogen atom from the CH3 group, giving rise to a non-deuterated organic, whereas a carbanion-type species would remove a proton (or deuteron) from the acidic hydroxyl group.
I guess there is a lot of room for arguments about whether it's acually a Grignard reaction that's occurring. The observed fact is that the products look as if they came from carbanions and not radicals.
This a a nice way to introduce a single deuterium atom into a molecule, by the way. Very clean reaction and easy to work up.