Wandering soul embracing one man (5)
I believe the answer is:
louis
'man' is the definition.
'wandering soul embracing one' is the wordplay.
'wandering' indicates anagramming the letters.
'embracing' means one lot of letters goes inside another.
'one' becomes 'i' (Roman numeral).
'soul' with letters rearranged gives 'lous'.
'lous' placed around 'i' is 'LOUIS'.
(Other definitions for louis that I've seen before include "French gold coin" , "Name of eighteen undisputed kings of France" , "Name of many French kings" , "Old king" , "and 23: US jazz trumpeter" .)