While the Rams’ relegation made a move for Davies appear more likely, it looks like he could new sign a new contract to extend his stay at Pride Park.
Bristol City and Hull were both keen on signing the 37-year-old but could now be forced to look elsewhere.
The Robins are in desperate need of defensive reinforcements ahead of next season after a tricky campaign that saw them concede 77 goals.
Here are today’s rumours...
1. Fulham express interest in relegated midfielder
Fulham are reportedly considering a move for Barnsley midfielder Callum Styles this summer. The 22-year-old is also a target for Bournemouth and Nottingham Forest. (Football League World) | Getty Images
2. Stoke City coach considered for Seasiders job
Stoke City assistant manager Dean Holden is reportedly being consideredby Blackpool to become their new boss. Neil Critchley unexpectedly left the club last week to join Steven Gerrard at Aston Villa. (StokeonTrentLive) | Getty Images
3. Newly promoted side eye Clarets keeper
Nottingham Forest are keen on signing Burnley goalkeeper Nick Pope this summer. The 30-year-old is valued at £40 million by the Clarets. (Lancashire Telegraph) | Getty Images
4. Terriers target double defender swoop
Huddersfield Town are reportedly targeting Cheltenham Town's Will Boyle - who is very close to a move - and Halifax Town's Jesse Debrah. The Terriers are eager to bolster their defence after the departures of Naby Sarr and Levi Colwill. (Alan Nixon) | Getty Images