Yes, WEAVED is a Scrabble word!

Letter values in Scrabble US: W 4, E 1, A 1, V 4, E 1, D 2.

Is it a valid word?

WEAVED is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

interlace by or as if by weaving
create a piece of cloth by interlacing strands of fabric, such as wool or cotton
sway to and fro
to move or cause to move in a sinuous, spiral, or circular course