As you asked about explicitation of the method, here it is.
It isn't still a solution, but it connects point $M$ to the centroid $G$ of the vertices.
Let us rename vertices $A,B,C,D$ as $P_k$ for $k=1\cdots 4$.
Let
$$G=\frac14 \sum_{k=1}^4(P_k)$$
be their centroid.
Let us write the given constraint under a vectorial form by expanding it using dot product :
$$2=\sum_{k=1}^4(MP_k)^2=\sum_{k=1}^4\overrightarrow{MP_k}^2=\sum_{k=1}^4\overrightarrow{MG +GP_k}^2$$
$$2=\sum_{k=1}^4 \overrightarrow{MG}^2+2\sum_{k=1}^4(\overrightarrow{MG}.\overrightarrow{GP_k})+\sum_{k=1}^4(\overrightarrow{GP_k})^2$$
$$2=4(MG)^2+2 \overrightarrow{MG}.\underbrace{\sum_{k=1}^4 \overrightarrow{GP_k}}_{0}+\underbrace{\sum_{k=1}^4(\overrightarrow{GP_k})^2}_S$$
$$2=4(MG)^2+S \ \text{where} \ S:=\sum_{k=1}^4(\overrightarrow{GP_k})^2 >0,$$
giving a very strong constraint that I would translate into "point $M$ should be very close to centroid $G$".