I just tried this with a thrift-store Bolero. I first did my usual thorough Alconox mix/toothbrush/vacuum cleaning, which takes me maybe 5 to 10 minutes depending on how much I think I should scrub. I ALWAYS do this before playing a new-to-me record, as otherwise I'll have to clean junk off the stylus, and I'll know the record won't sound near as good as it could with a good cleaning anyway. This Bolero still had a lot of ticks and things, especially at the start of the side as so many LP's seem to have.
So I used Titebond, perhaps a bit too thin, as others here have stated - it dried completely in about six hours. It was hard to peel off, I got a few large pieces and many smaller pieces, and some that were too hard to get off toward the end of the side. Also, I could feel the static electricity from the thing. I ran it back through my toothbrush method and the remaining glue came up, and also the mix I use appears to get rid of the static electricity.
I played it, and got what appears to be the same thing, about the same amount of ticks and pops. This is what I sort-of suspected but hoped wouldn't be, these noises are actual scratches and defects in the vinyl rather than foreign matter that my other method failed to remove.
I recorded both playings for comparisons, though I've yet to do a "side by side" comparison to hear better if there's any improvement.
It seems that LP's in this condition have been abused. I have several thrift-store purchases that have cleaned up well and sound great, with VERY few unobjectionable ticks.