to circumcise: to cut away the foreskin as the bodily sign of belonging to God's covenant
This is the word's settled, everyday meaning, and almost all of its uses carry it. To circumcise is to remove the foreskin, the small fold of skin at the tip of the male organ. In Israel this was no mere custom: God commanded it of Abraham and every male in his household as the physical mark of the covenant, performed on the eighth day after birth, and it became the line between an Israelite and an outsider.
From this concrete act the prophets and lawgivers drew a powerful picture. To say that a heart or an ear is "uncircumcised" was to say it is closed up, stubborn, unable to respond to God, the way the foreskin was felt to cover and obstruct. So the same word is used for cutting that barrier away from the heart, an inner change that makes a person truly open and loyal to God. The physical rite and the inner one are deliberately held together: the body could carry the sign while the heart stayed shut, which is exactly the charge the prophets press.
The two uses are one meaning, not two. Both are the single act of cutting away what covers and blocks, whether on the body as a covenant sign or on the heart as the reality that sign was always meant to point to.