Crossword Genius

Lazy Ol’ Nick’s nicked! (8)

Ross

I believe the answer is:

indolent

I'm a little stuck... Click here to teach me more about this clue!

'lazy' is the definition.
(I know that lazy can be written as indolent)

'ol' nick's nicked' is the wordplay.
I cannot really see how this works, but
'ol'' could be 'ol' and 'ol' is found within the answer.
'nick' could be 'dent' (synonyms) and 'dent' is found in the remaining letters.
The remaining letters 'in' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for indolent that I've seen before include "not willing to work" , "Lethargic" , "Work-shy" , "Lazy, disinclined to work" , "Disinclined to exert oneself" .)

I've seen this clue in The Guardian.
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