Preheat the oven to 375°F (190°C).

In a pan, heat olive oil and sauté garlic and bell pepper until soft.

Add rice, water, and paprika to the pan; bring to a boil, then reduce heat and simmer until rice is cooked.

Stuff the cooked rice mixture into the cleaned squid.

Place stuffed squid in a baking dish and bake for 20 minutes.