The 18-year-old has been impressing in Italian Serie B this season, and has seen his name linked with a number of high-profile clubs.
According to A Bola, Inter Milan and Juventus are the latest clubs to have joined the race for the talented footballer, while Roma, Udinese, Hamburg, Bayern Munich and Everton are also keen.
Fernandes came through the youth ranks at Boavista, but left the club for Novara in the summer of 2012 without making a single senior appearance for the Portuguese side.
He was handed a first team debut last November and has since proved his worth at senior level. Fernandes went on to feature in 12 Serie B matches for Novara and scored 2 goals in the process.
The Italian club now face a tough task of trying to keep hold of their prized asset, especially if the player continues his rich vein of form.