Trotters team-mate Gary Cahill has been in a similar situation and Davies believes the defender will eventually make the squad.
The former Southampton forward is also keen to be involved and is happy to at least be under consideration by Capello.
"To be honest, it's just nice to be in his thoughts and plans," Davies told the Bolton News.
"Hopefully I'll get the chance one day, but if I don't, I'll just keep doing what I'm doing.
"Since making the last squad, it's been nice to know that he even knows who I am.
"It's great to even be considered and it's the same for Gary.
"He'll be in there at some stage because he's got age on his side and he's got all the attributes to be a top-class defender for many, many years."