Davies, 23, has a contract until June 2025 with German champions Bayern.

He has played in all but one of their Bundesliga games this season and started all six Champions League group-stage matches.

Real Madrid manager Carlo Ancelotti has tended to rotate between France’s Ferland Mendy, 28, and Spain’s Fran Garcia, 24, at left-back this campaign.

Ancelotti has just signed a new deal with Madrid until June 2026 despite interest from Brazil.

The Italian is now looking at how he can rebuild and refresh his squad after only winning the Copa del Rey last season.

Real Madrid are still targeting France and Paris St-Germain forward Kylian Mbappe but Davies is also a key target and they are hopeful he will end contract negotiations with Bayern.

Last summer saw them sign England midfielder Jude Bellingham, but lose their main striker Karim Benzema to Saudi Arabian club Al-Ittihad.

Davies, who was born in a refugee camp in Ghana in 2000, joined Bayern from Vancouver Whitecaps in January 2019.

He has made 176 appearances for Bayern and won 13 trophies, including five Bundesliga titles and the Champions League in 2020.

Davies made his Canada debut aged 16 and has been capped 44 times, scoring 15 goals, including their first at a World Cup finals at Qatar 2022.

Davies, who was born in Ghana at Kasoa at Buduburam, a refugee camp to Liberian parents, was eligible to play for both Ghana and Liberia but opted to play for Canada after obtaining Canadian citizenship in June 2017.

According to the left-back, there was an attempt from the Ghana FA for him to play for the national team at some point but the offer was late.

“Ghana never reached out and also my mum was like, no [to the idea of me playing for Ghana],” he said when quizzed whether there was an option to play for the country of his birth.

“I was playing like not even like the academy they never like said [anything about wanting me] I wasn’t a big name. When the news came out that I was going to Bayern, then I got a message from the Ghana Federation.

“I think it was someone on the federation he texted me on Instagram because he didn’t have my number or email. But it was too late, at that time I had already got my citizenship and already made it to [represent] Canada.”

Davies made his first debut for the Canadian national team in June 2017 becoming the youngest player to play for the senior team.

The 22-year-old has 13 goals in 39 appearances for Canada since making his debut. Davies also led the side to qualify for the 2022 World Cup in Qatar but exited at the group phase.

Davies was the first player born in the 2000s to play in a Major League Soccer match. He joined Bayern in January 2019 from MLS side Vancouver Whitecaps FC.