Reportedly lift fish (4)
I believe the answer is:
rays
'fish' is the definition.
(I've seen this before)
'reportedly lift' is the wordplay.
'reportedly' shows a homophone (sound like).
'lift' becomes 'raise' (raising is a kind of lifting).
'raise' is a homophone of 'RAYS'.
(Other definitions for rays that I've seen before include "Columns of light or heat" , "Beams from sun or moon" , "Flat fish" , "They swim" , "Beams - fish" .)