A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
Since the problem is with only the one file all that business of removing Preference files etc. is of no value. The problem is with the file, not the program. Does it continue to be a problem after restarting the Mac?
Have you tried simply selecting the object & pressing the delete key? If that removes the object, save & close the file then see how it behaves when you reopen it.
If the issue persists please include current macOS & Office Version Numbers in your response.