According to Spanish outlet Fichajes, City are “intensifying their interest” in the Canada international, who is also wanted by Real Madrid.
The report implies that City’s financial power gives them an advantage. The English side are supposedly willing to pay up to £68.3m for Davies, whereas Madrid would prefer to spend a maximum of £42.7m.
Davies is under contract at the Allianz Arena until 2025 and Bayern may be willing to cash in on the left-back this summer unless he signs a new deal.
The 23-year-old, who is valued at £59.7m by Transfermarkt, may be keen on a new challenge after five seasons in the Bayern first team.
Carlo Ancelotti on the touchline as Real Madrid prepare to face Union Berlin (Image credit: Getty Images)
Davies has established himself as one of the best full-backs in the world since joining Bayern from Vancouver Whitecaps.
City have fielded numerous players at left-back this season, including Nathan Ake, Josko Gvardiol and Manuel Akanji.
Davies has reportedly been on Guardiola’s radar for several seasons and the City boss will hope to bring him to the Etihad this summer.
The champions beat Burnley 3-1 on Wednesday to remain within five points of top spot in the Premier League.
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