Go round about verse on love, possibly (7)
I believe the answer is:
revolve
'go round' is the definition.
(I've seen this before)
'about verse on love possibly' is the wordplay.
'about' becomes 're' ('re' means regarding or about).
'verse' becomes 'v'.
'on' is an insertion indicator.
'possibly' is an anagram indicator.
'love' anagrammed gives 'olve'.
'v' going inside 'olve' is 'volve'.
're'+'volve'='REVOLVE'
(Other definitions for revolve that I've seen before include "Turn around" , "Get round" , "Turn round" , "Rotate" , "Pirouette" .)