The 23-year-old has impressed during a difficult season at the wrong end of the table for the Trotters.
Magpies boss Alan Pardew has now put Davies on a shortlist of potential summer additions to his squad, reports the Bolton News.
West Bromwich Albion are also thought to be interested in the player.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Birmingham CityBirmingham | 27 | 19 | 6 | 2 | 46 | 19 | 27 | 63 |
| 2 | Wycombe WanderersWycombe | 29 | 17 | 8 | 4 | 55 | 30 | 25 | 59 |
| 3 | Wrexham | 29 | 16 | 7 | 6 | 43 | 25 | 18 | 55 |
| 4 | Stockport CountyStockport | 30 | 15 | 8 | 7 | 46 | 29 | 17 | 53 |
| 5 | Huddersfield TownHuddersfield | 29 | 14 | 7 | 8 | 41 | 26 | 15 | 49 |
| 6 | Charlton AthleticCharlton | 29 | 13 | 8 | 8 | 38 | 28 | 10 | 47 |
| 7 | Bolton WanderersBolton | 30 | 14 | 5 | 11 | 47 | 46 | 1 | 47 |
| 8 | Reading | 29 | 13 | 6 | 10 | 43 | 41 | 2 | 45 |
| 9 | Leyton Orient | 28 | 13 | 5 | 10 | 40 | 25 | 15 | 44 |
| 10 | Barnsley | 30 | 12 | 7 | 11 | 42 | 41 | 1 | 43 |
| 11 | Lincoln CityLincoln | 30 | 10 | 10 | 10 | 36 | 35 | 1 | 40 |
| 12 | Stevenage | 28 | 11 | 7 | 10 | 27 | 27 | 0 | 40 |
| 13 | Blackpool | 29 | 9 | 12 | 8 | 42 | 41 | 1 | 39 |
| 14 | Mansfield TownMansfield | 28 | 11 | 4 | 13 | 35 | 35 | 0 | 37 |
| 15 | Rotherham UnitedRotherham | 29 | 10 | 7 | 12 | 34 | 35 | -1 | 37 |
| 16 | Wigan AthleticWigan | 28 | 9 | 7 | 12 | 27 | 28 | -1 | 34 |
| 17 | Northampton TownNorthampton | 30 | 8 | 9 | 13 | 29 | 45 | -16 | 33 |
| 18 | Exeter CityExeter | 29 | 9 | 5 | 15 | 33 | 46 | -13 | 32 |
| 19 | Bristol Rovers | 28 | 9 | 4 | 15 | 28 | 44 | -16 | 31 |
| 20 | Peterborough UnitedPeterborough | 29 | 8 | 6 | 15 | 45 | 55 | -10 | 30 |
| 21 | Burton Albion | 30 | 5 | 11 | 14 | 31 | 45 | -14 | 26 |
| 22 | Shrewsbury TownShrewsbury | 29 | 7 | 5 | 17 | 30 | 49 | -19 | 26 |
| 23 | Crawley TownCrawley | 28 | 6 | 6 | 16 | 30 | 52 | -22 | 24 |
| 24 | Cambridge UnitedCambridge | 29 | 5 | 8 | 16 | 30 | 51 | -21 | 23 |
| > League One Full Table | |||||||||
