You have to add some VHDL code that uses a counter to divide the clock.
For example you create a counter (in VHDL) with the clock as inputclock that counts to a million (or more). And once the counter reaches a million you change the state from the LED (so on or off).
A PLL is too complex for this purpose and I doubt that is what you want/need to do.
So something like this (this is AHDL, with probably some syntax errors):
SUBDESIGN counter
(
clock : INPUT;
LED_OUT : OUTPUT;
)
VARIABLE
count[20..0] : DFF; //create a counter that can count to 2^21-1 =1048576
LED : DFF; //help flipflop
BEGIN
count[].clk = clock; //link clocks
LED.clk = clock;
count[].d = count[].q+1; //start counting
If Counter[21].q==1 Then
LED = not LED; //change state
Counter = 0; //reset counter
end if
LED_OUT = LED; //Link help flipflop to output
END;