Someone asked about this in general knitting, but I'll answer your question again here in case you don't see it there. I fiddled around a bit and came up with this solution:
Do the wrap as you normally would.
Continue working in the round until you get to the wrapped stitch.
Slip that stitch knit-wise then put it back on the left needle.
Lift the wrap and place it onto the left needle.*
Knit these 2 stitches together through the back loop.
*For the neatest result, switch the order of the stitch and the wrap so the wrap is on the left. You can do this by pulling the slipped stitch out from under the wrap and then placing it back on the needle.
Let me know how it works out for you. Thanks.