Davies joined Shrewsbury from Chester City in 2006
Shrewsbury Town midfielder Ben Davies has turned down a contract with the League Two club and will leave the Prostar stadium.
Davies, who had been offered a new deal by Shrews boss Paul Simpson, joined Town from Chester City in 2006.
"Ben won't be coming back to us, he's had offers from other clubs," Simpson told BBC Radio Shropshire.
"He asked us if we would match the financial offer, then he would stay, but it was too much."
Simpson added: "We couldn't afford it within the budget we're working to, so Ben has left the club now."
Davies has been linked with League Two club Notts County and several League One sides and Simpson said he has a replacement ready who is due to have a medical on Thursday.
Shrewsbury are also giving a medical to another player on Wednesday and are still waiting for a decision from winger Chris Humphrey about his future at the club but Simpson is hopeful he will stay.
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