The Bucks waived Davis (Achilles) on Tuesday, Eric Nehm of The Athletic reports.
Davis will miss the remainder of the season due to a ruptured Achilles, Cyro Asseo de Choch of USA Today reports.
Davis will return to the second unit for Sunday's game against the Nuggets.
Davis logged 12 points (4-9 FG, 4-9 3Pt, 0-1 FT) and four rebounds in 21 minutes during Tuesday's 132-109 loss to the Celtics.
Davis contributed 22 points (10-17 FG, 2-7 3Pt), six rebounds, three assists and two steals in 32 minutes during Saturday's 133-128 overtime victory over the Mavericks.
Davis finished Friday's 122-114 loss to the Mavericks with nine points (3-4 FG, 3-4 3Pt), four rebounds and one assist in 21 minutes.
Davis had eight points (2-6 FG, 2-4 3Pt, 2-2 FT), two rebounds, one assist and one steal over 16 minutes during Monday's 118-111 overtime victory over the Timberwolves.
Davis (illness) will play in Friday's game against the Thunder, Sean Cunningham of Fox 40 Sacramento reports.
Davis (illness) is questionable for Friday's game against Oklahoma City.
Davis is battling a non-COVID illness ahead of Friday's contest versus the Thunder, Sean Cunningham of Fox 40 Sacramento reports.