Old wound gets you trophy (5)
I believe the answer is:
oscar
'trophy' is the definition.
(an Academy Award)
'old wound' is the wordplay.
'old' becomes 'o' (common abbreviation eg in OE for Old English).
'wound' becomes 'scar' (I've seen this before).
'o'+'scar'='OSCAR'
'gets you' acts as a link.
(Other definitions for oscar that I've seen before include "feature of award ceremony" , "- - Hammerstein (musicals)" , "Hollywood statuette given as annual award" , "Some players are given this" , "Film statuette" .)