Reported spectacles and locations (5)
I believe the answer is:
sites
'locations' is the definition.
(site is a kind of location)
'reported spectacles' is the wordplay.
'reported' shows a homophone (sound like).
'spectacles' becomes 'sights' (sight can mean a visual spectacle).
'sights' is a homophone of 'SITES'.
'and' acts as a link.
(Other definitions for sites that I've seen before include "Is set among building locations" , "Locates" , "internet locations" , "Is set (anag)" , "Spots" .)