From Racing, Fernandez joined Cannes in 1989, a more modest club. At club level, Cannes was relegated to Ligue 2 at the end of the 1991–92 season, but Fernandez decided to remain with the club and end his career when his contract expired. A few weeks, however, Cannes named Fernandez its manager, and so he finished the season as player-manager, leading Cannes back to Division 1 at the end of the season. He then retired from playing professionally to become a full-time manager.