The most common and most likely answer to this crossword clue is the 5 letter word DRAWN
I've seen this crossword clue in Financial Times
D
R
A
W
N
More clues leading to the result DRAWN
Buddy explains!

The straight part
We know that "all square/square" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case all square/square = drawn.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does DRAWN mean?
DRAWN verb- To move or develop something.
- To exert or experience force.
- (fluidic) To remove or separate or displace.
- To change in size or shape.
- To attract or be attracted.
- (usually as draw on or draw upon) To rely on; utilize as a source.
- To disembowel.
- To end a game in a draw (with neither side winning).
- To choose by means of a random selection process.
- To make a shot that lands gently in the house (the circular target) without knocking out other stones.
- To play (a short-length ball directed at the leg stump) with an inclined bat so as to deflect the ball between the legs and the wicket.
- To hit (the ball) with the toe of the club so that it is deflected toward the left.
- To strike (the cue ball) below the center so as to give it a backward rotation which causes it to take a backward direction on striking another ball.
- Appearing tired and unwell, as from stress; haggard.
- Of a game: undecided; having no definite winner and loser.