Playing oldies I love (7)
I believe the answer is:
idolise
'love' is the definition.
('love'->'idolize' is in my internal thesaurus and 'ize'->'ise')
'playing oldies i' is the wordplay.
'playing' indicates an anagram.
'oldies'+'i'='oldiesi'
'oldiesi' with letters rearranged gives 'IDOLISE'.
(Other definitions for idolise that I've seen before include "Revere, love greatly" , "Hero-worship, revere" , "Worship to extremes" , "Worship extravagantly" , "Doilies to worship" .)