Reportedly remove wool that's transparent (5)
I believe the answer is:
sheer
'that's transparent' is the definition.
(synonyms)
'reportedly remove wool' is the wordplay.
'reportedly' indicates a 'sounds like' (homophone) clue.
'remove wool' becomes 'shear' (I've seen this in another clue).
'shear' is a homophone of 'SHEER'.
(Other definitions for sheer that I've seen before include "avoid an unpleasant thing" , "Utter - precipitous" , "Precipitous or fine" , "sudden change of direction" , "Very fine like silk stockings" .)