Laud for participating in the next Olympics (5)
I believe the answer is:
extol
'laud' is the definition.
(synonyms)
'participating in the next olympics' is the wordplay.
'participating in' indicates the answer is hidden within the clue.
'EXTOL' is hidden in the letters of 'next olympics'.
'for' is the link.
(Other definitions for extol that I've seen before include "Praise enthusiastically" , "Magnify" , "Applaud" , "Exalt" , "Lavishly praise" .)