Time around the Spanish stall (5)
'stall' is the definition.
'time around the spanish' is the wordplay.
'time' becomes 'day' (day is a kind of time**).
'around' is an insertion indicator.
'the spanish' becomes 'el'.
'day' placed around 'el' is 'DELAY'.
(Other definitions for delay that I've seen before include "Put off; pause", "Stoppage", "Hold back", "Hinder", "Procrastinate - put off".)