The central defender is out of contract in the summer and is yet to sign a new deal at Deepdale, despite suggestions that he has been offered a club-record deal.
A string of sides have been linked with Davies, including Bournemouth, Celtic, Genk, and Sheffield United.
The 25-year-old has now entered the final six months of his current deal meaning the foreign clubs keen are able to sign him on a pre-contract but nothing has yet materialised.
Journalist Alan Nixon has provided a fresh update on Davies’ stance, revealing he is set to wait and see what his options are moving forward.
Unlike out-of-contract teammate Ben Pearson, the defender remains a key part of Alex Neil’s side and helped Preston take a point against promotion-chasing Reading today.
A product of the Deepdale academy system, the centre-back has been an integral figure at the North West club since the start of the 2017/18 campaign and is closing in on 150 appearances for the Lilywhites.
The top 16 Preston North End record player departures – Which club did they join though?
It’s been a surprisingly quiet January for Davies, in what at one point looked to be shaping us as a pivotal month in his career.
There hasn’t been much noise about a potential pre-contract deal or Preston looking to cash in on him, which may give fans of the Deepdale outfit some hope of keeping hold of him.
You feel he’s taking a very sensible approach by waiting to see what opportunities arise, given his quality, age and the fact he’ll be a free agent, he surely won’t be short of offers.