Yes, allayed is in the scrabble dictionary

...and is worth 12 points by itself.

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Allayed Definition

verb

Simple past tense and past participle of allay.

from the English-language Wiktionary

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Top Words by points	Points
allayed	11

2 letter words with ALLAYED	Points
ad	3
ya	5
ed	3
de	3
da	3
ye	5
el	2
aa	2
la	2
ay	5
al	2
ae	2

3 letter words with ALLAYED	Points
lad	4
lay	6
ell	3
eld	4
lea	3
led	4
lye	6
ley	6
dye	7
del	4
aal	3
ala	3
ale	3
all	3
aye	6
yea	6
dal	4
day	7
dey	7

4 letter words with ALLAYED	Points
yald	8
yeld	8
lade	5
lady	8
lead	5
leal	4
yell	7
dell	5
deal	5
dale	5
ally	7
alae	4

5 letter words with ALLAYED	Points
delly	9
delay	9
dally	9
ladle	6
layed	9
leady	9
alley	8
allay	8

7 letter words with ALLAYED	Points
allayed	11

Found 52 words in 0.22588 seconds