The most common and most likely answer to this crossword clue is the 7 letter word TITANIA
I've seen this crossword clue in Independent
T
I
T
A
N
I
A
More clues leading to the result TITANIA
- Giant, one meeting a fairy queen
- Drama queen, a Titian representation
- Fantastic queen reduced massive area
- Queen depicted in blockbuster, Mercury’s essence missing, ending in Radio Gaga
- Bottom fancier busy — that’s written up in a novel
- Queen of Britain, a title on its way back
- Oberon’s wife isn’t commonly up and about at one
- Dream queen, or bird — articles about one
- Herschel’s discovery of Hyperion for instance initially intrigued astronomers
- Dream Queen Titian represented close to Padua
Buddy explains!

The straight part
We know that "Oberon’s wife" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case oberon’s wife = titania.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.