The 24-year-old has been linked with a move to the Liberty Stadium following the Trotters' relegation to the Championship last season.
Norwich City are also rumoured to be interested in the midfielder, but it is the Swans who have made the first move, according to Sky Sports News.
Davies, an England Under-19s international, joined Bolton from Wolverhampton Wanderers in 2009.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Birmingham CityBirmingham | 9 | 7 | 1 | 1 | 17 | 9 | 8 | 22 |
| 2 | Wrexham | 10 | 6 | 2 | 2 | 18 | 8 | 10 | 20 |
| 3 | Mansfield TownMansfield | 9 | 6 | 2 | 1 | 17 | 11 | 6 | 20 |
| 4 | Lincoln CityLincoln | 9 | 5 | 3 | 1 | 15 | 8 | 7 | 18 |
| 5 | Wycombe WanderersWycombe | 9 | 5 | 2 | 2 | 17 | 13 | 4 | 17 |
| 6 | Stockport CountyStockport | 9 | 4 | 4 | 1 | 13 | 7 | 6 | 16 |
| 7 | Exeter CityExeter | 9 | 5 | 1 | 3 | 10 | 6 | 4 | 16 |
| 8 | Charlton AthleticCharlton | 10 | 5 | 1 | 4 | 10 | 9 | 1 | 16 |
| 9 | Huddersfield TownHuddersfield | 10 | 5 | 0 | 5 | 14 | 11 | 3 | 15 |
| 10 | Blackpool | 10 | 4 | 3 | 3 | 17 | 16 | 1 | 15 |
| 11 | Barnsley | 10 | 4 | 3 | 3 | 15 | 15 | 0 | 15 |
| 12 | Stevenage | 10 | 4 | 2 | 4 | 8 | 7 | 1 | 14 |
| 13 | Bolton WanderersBolton | 9 | 4 | 2 | 3 | 15 | 15 | 0 | 14 |
| 14 | Peterborough UnitedPeterborough | 10 | 4 | 2 | 4 | 16 | 18 | -2 | 14 |
| 15 | Wigan AthleticWigan | 10 | 3 | 4 | 3 | 9 | 5 | 4 | 13 |
| 16 | Reading | 9 | 4 | 1 | 4 | 13 | 14 | -1 | 13 |
| 17 | Rotherham UnitedRotherham | 10 | 3 | 4 | 3 | 9 | 11 | -2 | 13 |
| 18 | Bristol Rovers | 10 | 4 | 1 | 5 | 13 | 16 | -3 | 13 |
| 19 | Leyton Orient | 10 | 2 | 2 | 6 | 10 | 14 | -4 | 8 |
| 20 | Northampton TownNorthampton | 9 | 2 | 2 | 5 | 11 | 17 | -6 | 8 |
| 21 | Crawley TownCrawley | 9 | 2 | 1 | 6 | 5 | 13 | -8 | 7 |
| 22 | Shrewsbury TownShrewsbury | 10 | 1 | 2 | 7 | 8 | 17 | -9 | 5 |
| 23 | Burton Albion | 9 | 0 | 4 | 5 | 10 | 19 | -9 | 4 |
| 24 | Cambridge UnitedCambridge | 9 | 0 | 1 | 8 | 6 | 17 | -11 | 1 |
| > League One Full Table | |||||||||
