At first I have a look at the channels.
Sometimes the flares come in a color that leaves one or two channels without that error.
And sometimes the object beneath the flare is of a quite uniform color. In that case all 3 channels are more or less the same, just with different brightness and contrast.
And when both events occur at the same time, then the problem can be solved quite good and easy with this receipt:
Replace the destroyed channel(s) by an intact one and use a curve to care for the different brightness & contrast.
Channels.jpg
The purple flare on the left is invisible in the green channel, so that one will be copied to the other two and adjusted.
Helpful tools for this are an adjustment layer "histogram correction" on top of the picture. Move the right edge far to the left so that it is easy to see small differences in dark areas later.
The panel "adjustment layer" will save a lot of clicks later, too.
1) Select the flare and quite some wood around it. Convert the selection into a new layer.
2) Use the channel mixer on this patch to copy the green channel into red and blue: Click on the button for grey output, type 0/100/0 into the 3 textboxes.
3) Now the patch looks black and white. The layer mode itself is still RGB, so some RGB curves can be applied to it.
4) Here I already created a curves layer, but without any adjustments, and enabled the histogram layer to make it all bright.
Step2.jpg
5) Drag & drop the curves in the layer list to the cutout part of the picture. Nothing happens, beside the curves layer is now a child layer of the patch, and it will only change the patch.
6) Turn the layer mode of the patch into "difference". Something dark blueish and reddish will appear.
7) Now open the panel "channel list". It's usually hidden beneath the layer list. Turn off all eyes but red.
Step3.jpg
8 ) Now check the panel "adjustment layer". It should show the curves, as the curves layer is still the active layer.
9 ) Select the red curve. Play around to make the wood-part as dark as you can. Ignore the flare part, it will appear much brighter.
10) Turn on green on the channel list, turn off red. Just to check that the batch turns black: The green channel was not changed, so there's no difference.
11) Turn on blue, turn off green. Go to the curves and adjust again.
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