The Malaysian bought the Loftus Road club less than a year ago and is keen to bring them up to Premier League standard.
He told the Press Association: "We're working this week [on the stadium]. I am getting a full report on one of the pieces of ground. I think we have three potential choices and we are going to evaluate it and then take it to the shareholders.
"It has actually not even been a year that we have owned this club and I am very pleased with the kind of progress we have made in one year.
"If we can continue at this kind of pace, then things should look good at QPR."
|9/2||QPR are 9/2 with PaddyPower to be relegated in 2012-13|
Having avoided relegation on the last day of the season, the Rs have entered the transfer market early as they look to recruit players to move them away from the bottom end of the table.
Boss Mark Hughes has already signed Ryan Nelsen, Andrew Johnson, Robert Green, Samba Diakite and Fabio da Silva and Fernandes revealed that more could well be on the way.
"We have a great manager and we have made some good signings already in a very quick period," he continued.
"We have a bit more work to do but things are moving in the right direction.
"We're rebuilding so obviously [we're active]. There may be three or four more, we'll have to wait and see. I am guessing, though."