Heavenly tale here in translation (8)
I believe the answer is:
ethereal
'heavenly' is the definition.
(similar in meaning)
'tale here in translation' is the wordplay.
'in translation' is an anagram indicator (translate can mean to transform).
'tale'+'here'='talehere'
'talehere' with letters rearranged gives 'ETHEREAL'.
(Other definitions for ethereal that I've seen before include "Sublime" , "Insubstantial, other-worldly" , "There in lea - it looks delicate" , "Spiritual" , "Extremely delicate and light, not of this world" .)