Let $p_n$ be the maximal sum of the entries of $A^2$, where $A$ is a square matrix of size $n$, consisting of the numbers $1,2,\ldots,n^2$, each appearing exactly once. We prove that $m_n=Θ(n^7)$. More precisely, we show that $n(240n^{6}+28n^{5}+364n^{4}+210n^{2}-28n+26-105((-1)^{n}+1))/840\leq p_n\leq n^{3}(n^{2}+1)(7n^{2}+5)/24$.