Wikipedia's "Squaring the circle" entry gives the definition, "constructing a square with the area of a given circle [...] with a compass and straightedge", and immediately reports the well-known fact that "the task was proven to be impossible, as [...] $\pi$ is a transcendental number".
But it also dedicates a paragraph to approximate constructions, giving a great recap of the spirit of such findings:
Although squaring the circle exactly with compass and straightedge is impossible, approximations to squaring the circle can be given by constructing lengths close to $\pi$. It takes only elementary geometry to convert any given rational approximation of $\pi$ into a corresponding compass and straightedge construction, but such constructions tend to be very long-winded in comparison to the accuracy they achieve. After the exact problem was proven unsolvable, some mathematicians applied their ingenuity to finding approximations to squaring the circle that are particularly simple among other imaginable constructions that give similar precision.
It proceeds to list some notable historical examples, culminating in Ramanujan's finding. Based on his own famous approximation for $\pi \approx \sqrt[4]{\frac{2143}{22}}$, which is indeed constructible, and thanks to a clever arrangement it results in a very elegant construction featuring an impressive precision: the side of the square is off by just above $0.02$ mm (or $\approx 1$ mil) when the circle's diameter is $150$ km ($\approx 100$ miles).
I was wondering whether Ramanujan's construction still stands today as the best one.
In this context, of course, there is no objective definition of "best". In the spirit of the introduction, let's just say that the construction should yield the maximum possible precision while still being simple enough to be practical for hand-drawing.
So, my questions: Are there today better constructions than Ramanujan's? If so, can you provide reference? Aren't they listed on Wikipedia (or anywhere else, as far as I can find) because they would just be uninsteresting today? Or is still, in fact, an exacting task to provide an improvement over Ramanujan's extraordinary finding? In case one was found today, would it be considered sensational/interesting/ordinary/insignificant?
Update: Tankut's answer brought up a $2019$ preprint "Squaring the circle revisited" (PDF link via arxiv.org) by H.V. Chu. It was mentioned having in mind a different kind of "challenge", but in the same paper the author is also proposing a construction that should improve upon Ramanujan's under my terms. But that is exactly an example of what I'm ruling out: to me, despite his laudable efforts, and contrary to his claim, drawing it would still be impractical (in fact he doesn't, not fully). He also claims that his would be a record, apparently confirming that Ramanujan's is still the benchmark to beat. This encourages me on my path: I might have a lead toward a construction fulfilling the goal. I'm still keen to know how significant this would be according to the standards of modern mathematics!
Update 2: I succeeded! Actually, the topic grew before my eyes, I came up with a few new findings, moreover I found and refined a framework allowing some objective assessment, so I became convinced to write a full preprint on the subject. It took quite some time, but finally the complete version can be found here. I don't want to be self-promotional but, at the same time, I believe that someone interested in this question would appreciate being informed of such an update. Moreover, I still need to figure out whether my effort is worthy of a real publication, so opinions from professional mathematicians addressing this part of my original question would still be very welcome!