Fernandes has created more chances – 132 – than any other player in the Premier League this season. He has 43 more than the second best, Liverpool’s Dominik Szoboszlai.
Fernandes is the first United player to win the award since defender Nemanja Vidic in 2011.
The winner is decided after public votes are combined with those from a panel of football experts.
Arsenal’s David Raya, Gabriel and Declan Rice, Manchester City’ Erling Haaland and Antoine Semenyo, Brentford’s Igor Thiago, and Nottingham Forest’s Morgan Gibbs-White were also shortlisted.
United travel to Brighton in their final game of the season on Sunday.