By SABC Sport
21st January 2025
According to Sky Germany, the new agreement includes a significant salary bump, with Davies now set to earn 15 million euros annually.
The contract also features a hefty signing bonus and performance incentives, reflecting Bayern's commitment to keeping the dynamic Canadian at the Allianz Arena.
Real Madrid and Liverpool, who had shown interest in Davies, are now likely to look elsewhere as the 23-year-old has decided to commit his future to the Bavarian club.
This contract extension comes after a period of intense negotiations, where adjustments to the initial offer were crucial in reaching this agreement.
In other Bayern news, French full-back Sacha Boey has made a return to team training.
After being sidelined with an ankle injury sustained in December, the 24-year-old was back on the pitch for parts of Monday's session.
Boey, who joined Bayern from Galatasaray for a fee of 30 million euros in January 2024, has only managed eight appearances this season due to injuries, including a previous bout with a torn meniscus.
His return is a boost for Bayern, who have been managing their defensive lineup amidst various injury concerns.