Suppose a prime power $p^{2k}$ divides $(m!)^2$. It must be of the form $2k$, since $(m!)^2$ is a square. By Euclid's lemma, $p^k$ must divide $m!$, that is, $p$ divides $m!$ $k$ times. This implies that the first $k$ multiples of $p$ appear in the factorial product $m!$, since $p$ is prime. And $p \geq 2$ hence $2p \leq p^2$ and it follows that:
$$k p \leq m ~ ~ ~ \implies ~ ~ ~ 2 k p \leq k^2 p^2 \leq m^2$$
Thus the first $2k$ multiples of $p$ appear in the factorial product $(m^2)!$, and so $p^{2k}$ also divides $(m^2)!$. So the fraction is reducible to an integer in that every prime power in the denominator also appears in the numerator, QED.