Fernandes previously secured the accolade in the 2020-21 and 2021-22 seasons.
Despite a challenging season under manager Erik ten Hag, the 29-year-old midfielder has been a standout performer.
Fernandes, who missed just two games due to injury during the 2023/24 season, contributed 15 goals and 12 assists in 47 appearances across all competitions.
The midfielder also earned the Player of the Month award twice, in August and April.
By winning his third Matt Busby award, Fernandes joins Ronaldo and De Gea, who have each won the honor four times.
Fernandes received 40 per cent of the votes, significantly outpacing fellow countryman Diogo Dalot, who garnered 20 per cent.
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