You can configure transparency for a picture by specifying that one color of the picture should be treated as transparent.

  1. Click the Set Transparent Color button. Set Transparent Color button
  2. Click an area of the picture that is the color you wish to be transparent.
After configuring the transparent color of a picture, you can choose the Tight text wrapping layout, which causes the text to wrap to the edges of the picture's content, rather than just the square edges of the picture.

Tight text wrapping