Forest are set to launch a bid for Davis, says talkSPORT.
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Forest aren't Davis' only Premier League suitor, though they're set to make an offer in the coming days.
The left-back was outstanding in a relegated Ipswich team last season, playing his way into England contention.
The 25-year-old played the full 90 minutes during Ipswich’s 1-1 draw at Birmingham on Friday night.