Davis sprained his MCL in Sunday's 16-9 win over the Broncos, Mike Garafolo of NFL Network reports.
Davis wasn't officially ruled out at any point, but he spent the entire second half on the sidelines and finished the game without a catch on one target. Coach Robert Saleh said the team doesn't expect an extended absence as a result of the injury, but Davis' status will still require monitoring ahead of New York's Week 8 home game against the Patriots.