The 30-year-old, who arrived at Rangers from Liverpool in 2022 on a four-year deal, has struggled to cement a regular starting place in Glasgow. After spending last season on loan at Birmingham City, where he helped the club win promotion, Davies has once again been sent out to continue his career in England.
Oxford United, newly ambitious in the Championship, see Davies as a valuable addition to their defensive ranks. His experience at the top level in both Scotland and England, along with European appearances for Rangers, adds much-needed depth and leadership to the U’s back line.
Rangers boss Russell Martin is overseeing a major rebuild of his squad, with several fresh defensive options arriving at Ibrox this summer. That left Davies surplus to requirements, and the club opted to sanction another loan rather than keep him on the fringes.
Davies, whose contract at Ibrox runs until the summer of 2026, could still be set for a permanent move away if Oxford pursue an option to buy. For now, he will focus on delivering strong performances in the Championship and reigniting his career away from Glasgow.
This latest move underlines Rangers’ shifting transfer strategy as they look to reshape their squad, while Davies begins yet another chapter back in English football.
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