Portuguese newspaper A Bola reports that Porto are ready to cash in on the midfielder in January.
The 26-year-old is nearing the end of his contract and have been linked with the likes of Juventus and Inter Milan over the summer.
United boss Moyes have joined the race and is ready to make a cut price move for the midfielder in January.
Fernando has yet to make his Brazil debut and is close to winning Portuguese citizenship.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.