Soft cloth considered (4)
I believe the answer is:
This clue is a double definition.
'soft cloth' is the first definition.
(type of fabric)
'considered' is the second definition.
(feel can mean to consider or think)
(Other definitions for felt that I've seen before include "Laid hands", "Touched - experienced", "Fingered", "Material - perceived by touch", "Cloth; touched".)