Poet has English goatee, say (5)
I believe the answer is:
beard
'goatee say' is the definition.
(goatee is a kind of beard)
'poet has english' is the wordplay.
'poet' becomes 'bard' (bard is a kind of poet).
'has' is an insertion indicator.
'english' becomes 'e' (abbreviation).
'bard' going around 'e' is 'BEARD'.
(Other definitions for beard that I've seen before include "where food sometimes trapped?" , "Facial feature" , "Whiskers" , "Facial growth" , "Vandyke, perhaps" .)