Consider the following displacement reaction in which Fe displaces Cu from CuSO4 to form FeSO4:
Fe(s) + CuSO4(aq) ----> FeSO4(aq) + Cu(s)
Iron Copper sulphate Iron (ll) sulphate Copper
(Blue) (Green) (Reddish-brown)
In the above reaction, Fe is gaining oxygen.Hence, Fe is oxidised. CuSO4 is loosing oxygen.
Hence, it is reduced. So, it is a redox reaction.