21-year old Davies has performed admirably for the Swans since being thrust into the first-team set-up at the beginning of the 2012/13 Premier League season. He has gone on to make 71 appearances for his club, and has worked his way into the international fold - winning 10 caps for the Welsh national team.
He has been the subject of intense transfer speculation since the end of last season, with Spurs and Liverpool reportedly keen on prising the youngster away from the Liberty Stadium. Both clubs are looking for a new left-back, and whilst a move to Anfield promises Champions League football, Spurs can likely offer Davies an immediate starting role in the first-team.
And, according to Swansea chairman Huw Jenkins, Spurs have already made an approach for Davies - with Liverpool yet to act.
Speaking to the South Wales Evening Post, Jenkins confirmed that Mauricio Pochettino's side had made an approach for the Welsh defender, although he revealed that a deal was not close to completion - with Spurs not capitalising on their interest in the player.
"There's a lot of speculation about Ben at the moment, as there is with a lot of players at this time of year," Jenkins said.
"There was an initial interest from Tottenham, but there has been nothing since."
As a makeweight in the deal, Spurs were willing to offer Gylfi Sigurdsson in exchange - a fan favourite at the Liberty Stadium following an impressive loan spell with the club during the 2011/12 season. The 24-year old Icelandic international turned down a permanent move to Swansea following the loan, choosing North London as his destination, although he has failed to nail down a first-team spot at White Hart Lane - and it is believed that new head coach Pochettino is willing to let him leave.
Jenkins also confirmed that Sigurdsson had been offered to the club, and that they were looking at him, along with a host of other players.
He said: "Gylfi was put to us and he is one of a number of players we have been speaking about."
Despite Liverpool not approaching the club over a potential transfer, there is still a feeling among some that Davies could be at Anfield next season. However, if Spurs can offer a Liberty fan favourite to Swansea, they could be the favourites to secure the highly sought-after defender.