Abstract: A fly reel is provided with a pivotable brake structure and a roller clutch between the brake and the spool. A clicking sound generating mechanism is provided which is operable to generate a sound when the spool is rotated in either the pay-out or winding directions. The mechanism is manually removable and reversible for silent operation or selective clicking in either direction. The roller clutch contains removable and reversible springs for converting the reel braking action between left-handed and right-handed modes of operation.