The club captain at Manchester United was shown a straight red card during the match against Tottenham, leading to significant distress among the team.
Fernandes was dismissed in the match for what was deemed serious foul play.
Despite slipping, Fernandes's leg made contact with James Maddison's knee as was deemed reckless.
The on-field decision by referee Chris Kavanagh was upheld by VAR Peter Bankes.
The league said in a statement: "The referee issued a red card to Fernandes for a challenge on Maddison. The VAR checked and confirmed the referee’s call of serious foul play."