Since the 25-year-old joined United on January 30, the Red Devils have increased their record to 10 games unbeaten since their embarrassing 2-0 defeat to Burnley at Old Trafford, scoring 17 times and conceding just two since he put pen to paper.
Now, Ole Gunnar Solskjaer's future looks much brighter and United are well on course for Champions League football and perhaps a trophy as well. Fernandes' direct involvement in six goals thus far have helped United into the round of 16 of the Europa League and to the quarter-finals of the FA Cup, both of which they are favourites to progress in.
At the same time, United are just three points off Chelsea in fourth and two ahead of sixth and seventh in fifth, and fifth could be a direct route to Champions League football after Manchester City's ban.
Fernandes' price has not stopped rising throughout January and since he joined his new club. Now, the Portugal international is at £9.53 with Football Index, a £1.53 increase since last week and an almighty £4.53 increase since he first put pen to paper in Manchester.
United are perhaps on course to win another Europa League title with the draw against Austrian side LASK being a clearer passage to the quarter-finals than most routes. At the same time, either Inter Milan or strong contenders Getafe will head out in this round, whilst Arsenal and Ajax have already exited the competition.
The FA Cup is also another potential trophy for United, with their trip to Norwich City certainly the easiest draw from the bunch considering their form this season. Their noisy neighbours are still clear favourites, but if there is anything the Red Devils have done this season, it's beat Man City.
Champions League football also looks like a real chance for the club, after looking doomed towards the end of 2019. Now, with this and two promising cup runs, Fernandes' price is just going to keep on rising.