Yes, FREEWHEELS is a Scrabble word!

Letter values in Scrabble US: F 4, R 1, E 1, E 1, W 4, H 4, E 1, E 1, L 1, S 1.

Is it a valid word?

FREEWHEELS is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

a clutch (as on the rear wheel of a bicycle) that allows wheels to turn freely (as in coasting)