Extra teddy bears highly regarded (5)
I believe the answer is:
rated
'highly regarded' is the definition.
(I've seen this before)
'extra teddy' is the wordplay.
'RATED' is hidden within the letters.
But, I'm unsure how this is indicated.
'bears' is the link.
Can you help me to learn more?
(Other definitions for rated that I've seen before include "Admired" , "Estimated, set at" , "Censured" , "Thought highly of" , "given a dressing-down" .)