Rangers owner Fernandes met Redknapp on Monday to discuss various aspects of the team's future, prompting speculation he may be set to depart Loftus Road.
However, Fernandes later insisted Redknapp will be staying on as manager after discussions with the 66-year-old former Tottenham boss.
"I have had a positive meeting with Harry," Fernandes said on QPR's website. "I don't think there was any point where he was thinking of not being with us and continuing this project he has embarked upon with a third of the season through.
"Harry is a football man and he knows what he wants in terms of players. We had a good discussion on the kind of players we want next season.
"Harry will not be forced to sell any players he wants to keep. We had a very good discussion on this.
"There are some players that we really want to keep and we will do our best to keep them. I think we will.
"It was a good meeting because we are all very clear on the timelines, we're very clear on what to do. We may not get everything we want but I am comforted by the fact we have a plan."
Redknapp, who replaced Mark Hughes in December, added: "It's been a disaster really, a really disappointing season for everyone - the owners, the staff, the fans; everyone associated to the club.
"We're going to give it a real good go next season though and hopefully get this club back to where it belongs.
"I've always said, so many times, how good the people are who own this club - they're different to anyone else I've worked for.
"They came in this morning and were so positive, when they could have been suicidal. They're backing us all - the management, the staff, everyone. It's unbelievable."