Jog around following old squeeze (6)
I believe the answer is:
extort
'squeeze' is the definition.
(thesaurus)
'jog around following old' is the wordplay.
'jog' becomes 'trot' ('trot' can be a synonym of 'jog'**).
'around' shows that the letters should be reversed in order.
'following' is a charade indicator (letters next to each other).
'old' becomes 'ex'.
'trot' back-to-front is 'tort'.
'tort' put after 'ex' is 'EXTORT'.
(Other definitions for extort that I've seen before include "Obtain money by force or threat" , "Get through threatening" , "fleece" , "Secure money by intimidation" , "Unjustly oblige to pay" .)