The Red Devils are currently sixth in the division, two points ahead of seventh-placed West Ham United, while Palace sit 13th following their 3-2 loss at Everton on Thursday night.
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The incident involving a Porsche is understood to have taken place on Monday morning, but it is currently unknown whether Fernandes was the driver or a passenger in the vehicle.
Everton’s relegation fears deepened on Wednesday when they lost 3-2 at fellow strugglers Burnley, while Man United saw their top-four hopes take a hit last weekend, dropping points at home to Leicester City.
The Red Devils suffered a 2-0 defeat to Manchester City before the international break, while Watford, who are just outside the relegation zone in England’s top flight, lost 1-0 at Arsenal in their last contest.