If the brake pads are seriously dragging on the rotor, rotor heat generated is a contributing factor to the issue. Finding the reason the pads are not properly disengaging is the nut to crack.
Have you done any work recently with the caliper, brake pads or brake line and reservoir? Could be a sticky or corroded bore and piston issue. Could be some mighty dirty brake fluid or a collapsed brake line interior.
Simple enough to remove the caliper and disassemble for an IRAN.