Flyer shot reportedly (4)
I believe the answer is:
tern
'flyer' is the definition.
'shot reportedly' is the wordplay.
'shot' becomes 'turn' (both can mean someone's attempt or go at something).
'reportedly' shows a homophone (sound like).
'turn' is a homophone of 'TERN'.
(Other definitions for tern that I've seen before include "Sea bird, a small gull" , "Pay rent for seabird" , "Rent out the bird" , "Fork-tailed seabird" , "Gull-like seabird" .)