According to Falk, football editor at Bild, Alphonso Davies wants to stay at Bayern, and Bayern's acquisition of Brown is not intended to replace him.

The report states that Alphonso Davies wants to stay at Bayern, and the club is not opposed to his remaining with the team. Bayern acknowledges that Davies is still under contract and is an excellent player. The issue has never been Davies' ability, but rather his injury history.
Bayern's acquisition of Nathaniel Brown is not to replace Alphonso Davies, but because they believe he is a talented player with strong potential for the future and they do not want to risk losing him to Premier League clubs. Both players are also versatile and can play multiple positions.
Bayern currently has no explicit need to sell Alphonso Davies, but if a "very generous offer" is received, the club would at least seriously consider it.
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Bayern Munich
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Alphonso Davies
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