Davies, 27, played a key role in Birmingham's Championship promotion push last season, and Hughton is understood to be keen to have him on board.
However, according to Sky Sports News, the Norwich boss is refusing to meet Birmingham's asking price of £5m.
Hughton took charge of the Canaries earlier this month.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Wycombe WanderersWycombe | 14 | 10 | 2 | 2 | 32 | 16 | 16 | 32 |
| 2 | Birmingham CityBirmingham | 13 | 9 | 3 | 1 | 24 | 12 | 12 | 30 |
| 3 | Wrexham | 14 | 8 | 4 | 2 | 22 | 10 | 12 | 28 |
| 4 | Barnsley | 14 | 7 | 4 | 3 | 23 | 18 | 5 | 25 |
| 5 | Lincoln CityLincoln | 14 | 7 | 4 | 3 | 21 | 17 | 4 | 25 |
| 6 | Stockport CountyStockport | 15 | 6 | 6 | 3 | 25 | 17 | 8 | 24 |
| 7 | Mansfield TownMansfield | 13 | 7 | 3 | 3 | 20 | 15 | 5 | 24 |
| 8 | Huddersfield TownHuddersfield | 14 | 7 | 2 | 5 | 21 | 14 | 7 | 23 |
| 9 | Reading | 14 | 7 | 2 | 5 | 22 | 21 | 1 | 23 |
| 10 | Bolton WanderersBolton | 14 | 7 | 2 | 5 | 22 | 24 | -2 | 23 |
| 11 | Exeter CityExeter | 13 | 7 | 1 | 5 | 14 | 10 | 4 | 22 |
| 12 | Peterborough UnitedPeterborough | 15 | 6 | 3 | 6 | 31 | 27 | 4 | 21 |
| 13 | Charlton AthleticCharlton | 14 | 5 | 4 | 5 | 15 | 15 | 0 | 19 |
| 14 | Stevenage | 15 | 5 | 3 | 7 | 11 | 16 | -5 | 18 |
| 15 | Rotherham UnitedRotherham | 15 | 4 | 5 | 6 | 14 | 18 | -4 | 17 |
| 16 | Bristol Rovers | 14 | 5 | 2 | 7 | 16 | 21 | -5 | 17 |
| 17 | Northampton TownNorthampton | 14 | 4 | 4 | 6 | 18 | 21 | -3 | 16 |
| 18 | Blackpool | 14 | 4 | 4 | 6 | 21 | 28 | -7 | 16 |
| 19 | Wigan AthleticWigan | 14 | 3 | 5 | 6 | 12 | 12 | 0 | 14 |
| 20 | Leyton Orient | 14 | 4 | 2 | 8 | 14 | 18 | -4 | 14 |
| 21 | Crawley TownCrawley | 15 | 3 | 3 | 9 | 14 | 27 | -13 | 12 |
| 22 | Cambridge UnitedCambridge | 13 | 3 | 1 | 9 | 12 | 23 | -11 | 10 |
| 23 | Burton Albion | 14 | 1 | 5 | 8 | 15 | 25 | -10 | 8 |
| 24 | Shrewsbury TownShrewsbury | 15 | 2 | 2 | 11 | 13 | 27 | -14 | 8 |
| > League One Full Table | |||||||||
