He was in the stands during Derby's 3-1 win over Wrexham on Saturday which would obviously signify his interest in joining Derby.
"If we can get it done it would be great because there is lots of competition for his signature," Davies told the club's official website.
"He has now looked at the stadium and the facilities and we hope to conclude the deal and agree personal terms.
"He would be a good asset - a very talented goalscoring midfield player who would add pace and energy in midfield.
"We will continue to do the best we can and hopefully he will want to join Derby County."
Whether Sunderland will match an offer or simply not bother getting another midfielder remains to be seen but we sure as hell need another defender. Come on Roy!