Cahill has been linked with the likes of Manchester City, Liverpool and Arsenal in recent months.
“You expect someone to come in at some stage for someone as good as him,” said Davies.
“As far as I know we have never had an offer for him and we’ll keep an eye on it over the summer.
“It’s a difficult one because he’s a great player and we’d love to keep him. But at the same time you would not want to deny him the chance to go somewhere else.”
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?