The most common and most likely answer to this crossword clue is the 7 letter word AMULETS
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More clues leading to the result AMULETS
Buddy explains!

The straight part
We know that "magic potions" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case magic potions = amulets.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 AMULETS mean?
AMULETS noun- A kind of protective charm or ornament, often bearing magical symbols, worn for protection against ill will, negative influences or evil spirits.