The talented youngster is valued at roughly 15 million euros (£12.8 million) by his club, with Arsenal seriously interested in signing him.
Per football.london, the Gunners are ready to put in a bid for Fernandez.
Led by sporting director Edu, Arsenal have a huge scouting presence in South America.
According to El Crack Deportivo, the Boca Juniors midfielder is the latest talent who may move to Arsenal.
Other Premier League clubs have been making similar moves, with Chelsea securing Julian Alvarez in a comparable way two years ago.
