VENUE: Estádio Municipal de Portimão
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Fernandes was one of nine players who had their contracts with club legally terminated after armed hooligans attacked their training camp.
Mihajlovic replaced Jorge Jesus on a three-year contract by then-president Bruno de Carvalho, who was voted out of the club on Saturday.
Sporting have overwhelmingly voted to eject president Bruno de Carvalho in a bid to save the Portuguese club after nine players quit in protest.
Mihajlovic takes over at a club in turmoil after nine players terminated their contracts after an incident in which fans attacked players and staff.
Premier League newcomers Wolverhampton Wanderers signed Portugal goalkeeper Rui Patricio from Sporting Lisbon.
Mexico forward Raul Jimenez will join newly promoted Wolverhampton Wanderers in the Premier League next season, on loan from Benfica.