Davies, direct competition to Taylor at left-back, has left for Premier League rivals Tottenham Hotspur.
Movement at full-back was expected this summer, with Swansea unable to offer game time to two highly-rated options.
Davies has been the man to move on and Taylor is delighted that he remains on the books at the Liberty Stadium, with the 25-year-old having spent the last four years in south Wales.
He said: “We are playing in the Premier League so there are no guarantees about anyone’s place in the team.
“If you look at our squad, we are strong all over the park. You can see there are two players for every position. We keep creating more competition every week. We are looking to add even more.
“Everybody is vying for places and nobody is safe from that in the Premier League. You must prepare and play the same way you always do and that is what I have done regardless.
“Of course I want to play more than I did last season. That’s the key for any player.
“I don’t know if it looked from the outside that me or Ben needed to be sold.
“It was obvious that we are both internationals, that we are both players who think we can play at this level. I suppose a decision had to be made, but a lot of stuff was put in the press that I never said.
“Agents were apparently saying that one of us had to go, but none of that came from me.
“I was sat there this summer waiting to see what happened and in the end the club has decided to sell Ben. That’s the fact of the matter.
“I love this football club. It has done amazing things for me. I’ve never said a bad word.
“The key for me is to start playing well and most importantly I want to do well for the manager. He’s working incredibly hard at this job and we all want to do well for him.”