how to- wrapping an image in wrapping paper on photoshop?

Bojan is right. It's hard to know the right approach without seeing what you're trying to wrap. But here's an example that might help:

1. I selected a toy plane from Adobe Stock.

2. With the Quick Selection tool selected, I clicked on Select Subject in the Control Panel to select just the plane. I used Shift + the Quick Selection Tool to add some of the darker areas to the selection. Then I clicked Select and Mask to smooth the edges and shift the edge. Shifting the edge expands the selection which is what you'd expect if you were adding paper around a shape. (Your smoothing and shift edge amount may vary.)

3. I made the selection a layer mask for the toy plane. Then I applied a Gaussian blur to the plane. Save a copy of this image as a .psd to use as a displacement map.

4. I picked an image of wrapping paper from Adobe Stock.

5. Go to Filter > Distort... > Displace and navigate to the blurred plane image. Adjust the amount of displacement you want.

6. With the displacement and adding a copy of the layer mask, you get something like this.

7. To make it a little more realistic, you can take the blurred plane and add a blend mode to it -- try either darken or multiply to add in the shadows.

Hope that helps!

The easiest way would be to wrap it and photograph it... If you post a pic we might be able to point you in the right direction.

Without to see actual composition I can only advice to try with masks, blending modes, and perhaps with Distort > Displace filter.