The most common and most likely answer to this crossword clue is the 8 letter word SPINNERS
I've seen this crossword clue in The Daily Telegraph
S
P
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More clues leading to the result SPINNERS
Buddy explains!

The straight part
We know that "Lures" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lures = spinners.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does SPINNERS mean?
SPINNERS noun- Agent noun of spin; someone or something who spins.
- A conical cover at the center of some aircraft propellers.
- A device that is spun in games to choose a number or symbol.
- The coin thrower in a game of two-up.
- Primarily in the adult film industry, an actress or prostitute with a tiny frame, usually very thin and small-breasted.
- An input control for entering a number, with accompanying arrowed buttons that increase or decrease the value.
- A spin bowler.
- A type of lure consisting of wire, a rotating blade, a weighted body, and one or more hooks.
- An ornamental hubcap that spins independently of the wheel
- The European nightjar, Caprimulgus europaeus.
- The dolphin Stenella longirostris.
- A spinneret.
- A spider.
- A kind of dumpling, shaped by "spinning" it in the hands.
- A spin doctor.
- Short for fidget spinner.
- A flat target mounted on an axis so that a ball passing through can make it spin around, usually awarding a certain number of points for every revolution it completes.