The most common and most likely answer to this crossword clue is the 5 letter word CUPID
I've seen this crossword clue in The Times
C
U
P
I
D
More clues leading to the result CUPID
- Police arresting leading instigator of romance
- Spanish hero holding up boy with arrow
- Prize presented to aforementioned boy with a bow
- Trophy I had for archer
- Lover boy's trophy concealed in East London
- Girl turning up with award — a winged figure
- Young archer finished in police department
- Archer invested originally in copper coins
- Trophy and badge for sex god
- God presents trophy to fish
Buddy explains!

The straight part
We know that "archer" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case archer = cupid.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.