Goes out of play (5)

I believe the answer is:

exits

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'goes' is the definition.
('exit' can be a synonym of 'go')

'out of play' is the wordplay.
'out of' becomes 'ex' ('out of' in Latin).
'play' becomes 'its' (I can't explain this - if you can you should give a lot more credence to this answer).
'ex'+'its'='EXITS'

Can you help me to learn more?

(Other definitions for exits that I've seen before include "Withdraws" , "Ways out" , "Leaves the stage" , "Egresses" , "Goes out, leaves" .)

I've seen this clue in The Globe and Mail.

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