No. The squaring map you write, i.e. $z\mapsto z^2$ if you write $S^1\subseteq\Bbb C$, has degree $2$, so cannot be null-homotopic since it is the composition of the inclusion with the squaring map, i.e. your map decomposes as
$$S^1\stackrel{i}{\longrightarrow} \Bbb C\setminus\\{0\\}\stackrel{z\mapsto z^2}\longrightarrow \Bbb C\setminus\\{0\\}$$
This induces the $\times 2$ map on $\Bbb Z$, hence it's not null-homotopic.