Davis has become a key figure in Pompey's central midfield since the departures of Sulley Muntari and Pedro Mendes despite not being included in the FA Cup Final squad and turning down a move to Celtic in the summer.
The 29-year-old asked for a new contract at the end of last season but insists he has heard nothing from club officials. If I was a member of the board I would consider offering Sean a new contract for two reasons:
1) He's been fairly consistent this season
I'll admit that at the start of the campaign if you told me that we had to sell two of our central midfielders then I would have picked Davis and Hughes but since they've stayed they've added an extra grit to the midfield that will be needed when we play the likes of Bolton and Stoke (again) and we're in a battle.
Sean can also deliver a good cross on a good day and is a good ball winner too. Of course, he has his days when the game will pass him by but overall he is a good player and has played well enough to justify his place in the first team this season so far.
2) We're short of numbers
If what Redknapp says is true then we won't have the money to buy any new players in January. Letting Davis' current contract run would be silly as the club may want to "cash in" on him during the next transfer window.
That wouldn't be the smartest idea in the world as that would leave us with just Hughes and Mvuemba to play alongside Diarra (assuming he stays) for the rest of the season. You could make a case for Kranjcar playing in the centre when he returns whilst Younes Kaboul should simply not be an option for that position!
I think Davis is more valuable to the team than Hughes (just) and Mvuemba so it would make sense to keep him on unless he really is on massive wages.
In summary, every club needs a player who will give 100% every game and Davis (along with Hughes) fits the bill. If Pompey were to let his contract expire (or sell him) then we'd be losing a decent player and thinning our already small squad even more.
I hope Pompey see sense and offer him a new deal.