Texture of fabric you and I have spoken of (5)
I believe the answer is:
weave
'texture of fabric' is the definition.
'you and i have spoken of' is the wordplay.
'you and i have' becomes 'weve' (we've).
'spoken of' indicates a 'sounds like' (homophone) clue.
'weve' sounds like 'WEAVE'.
(Other definitions for weave that I've seen before include "Interlace strands of material" , "Make tapestry - wind in and out" , "Make cloth with strands of wool or cotton" , "Use a loom" , "Make material" .)