Yes, cyclops is a Scrabble word!

...and is worth 16 points in Scrabble, and 19 points in Words with Friends

cyclops

Noun

1. (Greek mythology) one of a race of giants having a single eye in the middle of their forehead

2. Minute free-swimming freshwater copepod having a large median eye and pear-shaped body and long antennae used in swimming; important in some food chains and as intermediate hosts of parasitic worms that affect man e.g. Guinea worms

What Scrabble words can I make with the letters in cyclops?

6 Letter Words

cyclos

5 Letter Words

clops
cloys
cyclo
ploys
polys

4 Letter Words

clop
cloy
cols
coly
cops
copy
cosy
coys
lops
ploy
pols
poly
posy
scop
slop

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Words that can be created with an extra letter added to cyclops:

E:cyclopes