Grotesque statue one in place (7)
I believe the answer is:
situate
'place' is the definition.
(situate can mean to place or position)
'grotesque statue one in' is the wordplay.
'grotesque' is an anagram indicator.
'one' becomes 'i' (Roman numeral).
'in' means one lot of letters goes inside another.
'statue' is an anagram of 'stuate'.
'stuate' going around 'i' is 'SITUATE'.
(Other definitions for situate that I've seen before include "Place in a particular location" , "Locate" , "station" , "Position" , "put in context" .)