Mowbray said: "I have had a conversation with Curtis and he's sensible enough to realise the price has got to be right for us to even consider letting him go. He is someone I admire as a player and a person. He's the club captain and I would very much like him to stay at West Brom and lead the team next season. I've always said I only want players here who want to play for the club but that doesn't mean to say we're going to let players walk away. In the past 12 months precedents have been set whereby defenders have moved for big fees and we rate Curtis very highly."
Albion chairman Jeremy Peace has already intimated the club will only allow their leading players to leave for "head-turning prices". Davies moved to Albion from Luton for £3million two seasons ago and has quickly developed into one of the country's most promising defenders.