Preferred Lycra trimmed in colourful fashion (5)

I believe the answer is:

redly

'in colourful fashion' is the definition.

'preferred lycra trimmed' is the wordplay.
'trimmed' indicates the answer is hidden within the clue (part of the clue must be trimmed away).
'REDLY' is hidden in the letters of 'preferred lycra'.

(Another definition for redly that I've seen is " In blushing manner".)

I've seen this clue in The Times.

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