A spherical present (6)

I believe the answer is:

around

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'present' is the definition.
Both the answer and definition are adjectives. Perhaps they are linked in a way I don't understand?

'a spherical' is the wordplay.
'spherical' becomes 'round' (similar in meaning).
'a'+'round'='AROUND'

Can you help me to learn more?

(Other definitions for around that I've seen before include "Somewhere near" , "More or less" , "On every side" , "Close to" , "In the area of" .)

I've seen this clue in The Times.

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