While he's enjoying the team's turnaround under caretaker manager Michael Carrick, Fernandes still has major doubts about the top brass and the direction they're taking the club.
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The Mirror says Fernandes will consider his options this coming summer and any major offers that arrive.
With a deal to 2027, Fernandes - at 31 - knows the next contract will be the last major one of his career and he doesn't want to be short-changed by a board which were willing to sell him last year.
Fernandes expects to earn £400,000-a-week for his next deal - if not more if he chooses to accept a move to the Saudi Pro League.
Beyond the new contract, Fernandes also wants to know the club's plans for their long-term manager, whether that be Carrick or someone else.