It sounds as if you are confused with the terminology.
You can only 'wrap' paragraph text around an object within a paragraph text frame.
I suspect what you are trying to do is make text follow the outline of a circle; if so, what you need to do is set a line of artistic text; then draw your circle using the ellipse tool while pressing Ctrl.
Now select your text; goto Text on the top toolbar, scroll down to 'Fit text to path' click on this, move your curser down to the circle, and a large arrow should appear,with this click on the circle, and your text should flow around the circle.
You may need to experiment to get it correct; but above all read your manual; it's all in there!
Don't know much about version 10, but I've used Draw since version 3, and I've now jumped from 8 to X3.