Pulled round finally in tatters (7)
I believe the answer is:
dragged
'pulled' is the definition.
(dragging is a kind of pulling)
'round finally in tatters' is the wordplay.
'finally' says to take the final letters.
'in tatters' becomes 'ragged'.
The final letter of 'round' is 'd'.
'd'+'ragged'='DRAGGED'
(Other definitions for dragged that I've seen before include "Hauled" , "Drew slowly or heavily" , "Pulled along roughly" , "Trailed" .)