New-fangled sort of wheel (7)

I believe the answer is:

flanged

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'new-fangled sort of wheel' is the definition.
I can't judge whether this defines the answer.

'new-fangled' is the wordplay.
'new' indicates an anagram.
'fangled' with letters rearranged gives 'FLANGED'.

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I've seen this clue in The Globe and Mail.

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