Reported location for spectacle (5)
I believe the answer is:
sight
'spectacle' is the definition.
(spectacle can mean a sight or display)
'reported location' is the wordplay.
'reported' indicates a 'sounds like' (homophone) clue.
'location' becomes 'site' (site is a kind of location).
'site' sounds like 'SIGHT'.
'for' acts as a link.
(Other definitions for sight that I've seen before include "Seeing" , "Device used in aiming" , "Spectacle; aiming aid" , "A great many" , "monstrosity" .)