Earlier this month, Fernandez was keen to sign with Chelsea, but now he is content to stay at Benfica until the end of the season, according to Portuguese media outlet Record via Metro.
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However, the 21-year-old was anxious to transfer and reached a personal agreement with the Premier League club.
In addition, the midfielder skipped training in an effort to force the move and returned to Argentina for New Year’s celebrations without the club’s approval.
The international player from Argentina will also get a €2 million loyalty bonus if he stays with the team.
Hakim Ziyech and two other players on loan were part of Chelsea’s £79 million offer to Benfica.
After making a comeback earlier this month, Fernandez scored in a 2-0 victory in the Portuguese Cup quarterfinal. He celebrated by tapping the club badge and pointing to the ground, making it clear that he intended to stay.
I never questioned his demeanor or his character. He’s a wonderful man who loves playing for Benfica and is at Benfica,” Later, Schmidt said.
Schmidt responded, “I hope so,” when asked if he thought the midfielder will stay with Benfica for the remainder of the year.