The two clubs completed a trade that saw six picks swap hands. 

Collingwood has handed over a first, second and third-round pick in return for the former W-League goalkeeper. 

Carlton has now obtained picks 2, 12, 22 and 30 from the Magpies as part of the deal. 

The Blues already have picks 13, 36 and 52, while picks 67 and 82 now belong to the Magpies. 

The 24-year-old requested a trade to the Pies after coming equal-first in the club best and fairest with Maddy Prespakis. 

Davey made the switch to AFLW after winning a Premiership-Championship double with Melbourne City.

She has spent all three seasons with the Blues, playing 16 games in total, and only returned from an ACL injury in 2019 to lead her side to a maiden Grand Final. 

"Leaving Carlton after three years has been pretty emotional and tough as well because I have a lot of respect for the club," Davey told collingwoodfc.com.au.

"Obviously they gave me my first opportunity to pull on an AFLW jumper and that is something I've wanted to do since a young girl.

"A lot of honour and pride in that, it's something I won't ever take for granted but excited to get involved with a new opportunity and grow as a footballer."