Also.......your rear will always turn and rotate with the clutch in and the bike up on the center stand.
To test if its engaging properly....have the bike on the ground running....pull clutch in.....shift into gear....slowly let the clutch out and bike should start to move with lever travel out about halft way thru.
+1 on all of that.
You can't press the rod in by your fingers. Clutch springs are WAY too stiff.
The wheel will always spin with the bike on the centerstand. Or, at least, all of my bikes will unless you hold the rear brake on.
So, if the clutch still won't disengage, and you've fiddled with the cable/adjusters/etc., my favorite technique to free sticky clutch plates is to start the bike, pull in the clutch lever and, holding it pulled in, duck-paddle the bike forward a bit and stomp it into first gear. Ride around the yard / drive / neighborhood streets for a few minutes, getting on and off the throttle all the while holding the clutch lever in. After a very few minutes of this, the clutch will unstick and function normally. I've done this any number of times on resurrection projects and never failed, and never damaged anything.
It reads more difficult than it is. You won't have a runaway bike because you can always hit the kill switch and chug to a stop. And, of course, don't do this while aiming at a telephone pole, or onto a busy 4-lane street during rush hour or anything...
Good luck with it,
Kirk