Complete the letter analogy: TIME : IMET :: LOVE : ?

The opening letter is lifted off the front and set down at the back, the rest closing up. TIME loses its T, leaving IME, and the T goes to the end: IMET. LOVE loses its L, leaving OVE, and the L goes to the end: OVEL. 'EVOL' is the whole word written backwards, which on TIME would have given EMIT. 'VELO' carries the first two letters to the back, and 'OVLE' makes the move correctly but then exchanges the last two letters.