We propose an extension of the Davydov Ansatz employing displaced squeezed states in the oscillator Hilbert space. The Dirac-Frenkel variational principle is used to derive the modified equations for the variational parameters. First numerical studies of the dynamics of the spin-boson model with a single bosonic degree of freedom reveal an overall improvement of the results as compared to the standard Davydov Ansatz. (C) 2016 Elsevier B.V. All rights reserved.