The 27-year-old has impressed in Birmingham's playoff push this season, and has attracted the interest of a host of Premier League sides.
Reading want to take him with them to the Premier League, according to The Mirror, while Norwich boss Paul Lambert is also understood to be keen.
Davies joined Birmingham from Aston Villa in 2011.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Wycombe WanderersWycombe | 15 | 11 | 2 | 2 | 35 | 18 | 17 | 35 |
| 2 | Wrexham | 16 | 9 | 4 | 3 | 25 | 11 | 14 | 31 |
| 3 | Stockport CountyStockport | 17 | 8 | 6 | 3 | 29 | 17 | 12 | 30 |
| 4 | Birmingham CityBirmingham | 14 | 9 | 3 | 2 | 26 | 15 | 11 | 30 |
| 5 | Huddersfield TownHuddersfield | 15 | 8 | 2 | 5 | 23 | 15 | 8 | 26 |
| 6 | Barnsley | 16 | 7 | 5 | 4 | 24 | 20 | 4 | 26 |
| 7 | Lincoln CityLincoln | 16 | 7 | 5 | 4 | 23 | 20 | 3 | 26 |
| 8 | Reading | 15 | 8 | 2 | 5 | 24 | 22 | 2 | 26 |
| 9 | Bolton WanderersBolton | 15 | 8 | 2 | 5 | 24 | 25 | -1 | 26 |
| 10 | Mansfield TownMansfield | 14 | 7 | 3 | 4 | 20 | 16 | 4 | 24 |
| 11 | Exeter CityExeter | 15 | 7 | 2 | 6 | 14 | 13 | 1 | 23 |
| 12 | Peterborough UnitedPeterborough | 16 | 6 | 3 | 7 | 32 | 29 | 3 | 21 |
| 13 | Bristol Rovers | 16 | 6 | 3 | 7 | 17 | 21 | -4 | 21 |
| 14 | Charlton AthleticCharlton | 15 | 5 | 4 | 6 | 16 | 17 | -1 | 19 |
| 15 | Stevenage | 16 | 5 | 4 | 7 | 11 | 16 | -5 | 19 |
| 16 | Northampton TownNorthampton | 16 | 4 | 6 | 6 | 18 | 21 | -3 | 18 |
| 17 | Wigan AthleticWigan | 15 | 4 | 5 | 6 | 13 | 12 | 1 | 17 |
| 18 | Rotherham UnitedRotherham | 16 | 4 | 5 | 7 | 14 | 19 | -5 | 17 |
| 19 | Blackpool | 16 | 4 | 5 | 7 | 22 | 30 | -8 | 17 |
| 20 | Crawley TownCrawley | 17 | 4 | 4 | 9 | 15 | 27 | -12 | 16 |
| 21 | Leyton Orient | 15 | 4 | 3 | 8 | 14 | 18 | -4 | 15 |
| 22 | Cambridge UnitedCambridge | 15 | 3 | 3 | 9 | 13 | 24 | -11 | 12 |
| 23 | Shrewsbury TownShrewsbury | 16 | 3 | 2 | 11 | 16 | 29 | -13 | 11 |
| 24 | Burton Albion | 15 | 1 | 5 | 9 | 15 | 28 | -13 | 8 |
| > League One Full Table | |||||||||
