Fernandez helped lead Spain to a silver medal at the 2008 Olympics in Beijing, scoring 22 points in a gold medal game loss to the United States.  Domestically he led DKV Badalona to the ULEB Cup (now EuroCup) championship in 2008.  For the 2008-2009 season he made the move to the NBA to play for the Portland Trailblazers where he is teamed with fellow Spanish national team star Sergio Rodriguez.