Davies' move to Yorkshire had looked like it had broken down yesterday. However, both clubs have agreed a 'nominal fee' and now that Davies has agreed personal terms, the move is back on (subject to Davies passing a medical).
Expect the clubs will do the old 'undisclosed' fee - but I understand it is minimal, if anything at all. More about wages off the bill #bwfc— Marc Iles (@MarcIles) January 13, 2016
Even if the club aren't getting a fee for Davies, getting his reported £16,000 a week wage off the bill is just as important.
Davies, 27, has played 184 games and scored 16 goals for Bolton, since joining from Wolverhampton Wanderers in January 2009.
In other news, Bolton Wanderers starlet Zach Clough has opted to turn down a big money move to Bristol City. Bolton and Bristol had agreed a £2 million fee and Clough held talks in Bristol on Sunday, But it's thought that Clough didn't feel it was the right move so early into his career.
At least the Bristol City fans aren't bitter about it.
Disappointed with Davies going for free? Let us know in the comments box below.