Try this tested on Windows with IM V7:
magick "input.png" ( -size 200x200 xc:black ) -gravity center -compose DstOut -composite "output.png"
Takes the original photo, creates a rectangular mask, places it over the middle of the image and "cuts" out the rectangle
If the input is not a png ( for instance a jpg ) you will have to do some work setting the alpha channel
EDIT: This seems to work for both jpg and png images
magick "input.png" -alpha on ( -size 200x200 xc:black ) -gravity center -compose DstOut -composite "output.png"
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