The Mirror reports that co-owner Sir Jim Ratcliffe has made the decision to focus on new arrivals first, with discussions over a new deal for Fernandes delayed until later in 2026.
The 32-year-old is entering the final year of his current contract, which pays him in the region of £250,000 per week, though a one-year option clause is available to extend that arrangement if required.
Fernandes himself has helped settle any nerves. Before departing for Portugal's World Cup preparations in North America, he met with senior figures at the club and made clear that leaving was not something he was considering. Club officials have been assured that the skipper, despite entering the most uncertain contractual position of his United career, has no desire to force a departure.
Manchester United have qualified for the Champions League next season under head coach Michael Carrick, who was appointed in January and has begun reshaping the squad. A deal for Atalanta midfielder Éderson has already been agreed as Carrick's first incoming transfer, and further signings in central midfield, left-back, and attack are all being targeted.
The Fernandes situation is not without risk. Failing to agree a renewal before the option window expires could leave United in a vulnerable position by next spring. For now, though, the club's energy is directed outward rather than inward.