Rumors abound that the 37-year old had left Ibrox due to retirement or to move to another club.
Motherwell and St Mirren were linked.According to the Daily Record, Davies wants to keep
According to reports, Steven Davis will extend his Rangers career with another season.
He has held "very positive" negotiations over a contract extension.
Davis spoke out about his future following the 2-0 victory over Hearts at Hampden earlier in the month.
It's been an emotional week with the European cup final.
This doesn't compensate for it, but it was a great opportunity for us. We're thrilled to have won this.
It was a very emotional week, and I'm glad we could end on a high.
We'll be sitting down next week or so to see where everything is.