The tournament is due to kick off on June 13 even as the coronavirus is ravaging the continent and despite the delicate political situation in co-host Colombia, which is convulsed by anti-government protests.
"We were consulted and said yes. With all due care. This would be a Copa America for television, that must be said. Under those terms we would be willing to honor our commitment," Fernandez said in a statement to television channel C5N Argentina.
"The rest depends on how everything evolves and what Colombia is also going to do."
Argentina is going through its worst phase since the pandemic began, passing 3.3 million infections this weekend with a total of 70,552 deaths.
"We agreed with CONMEBOL to hold the Copa America and we are going to do it with the applicable restrictions," Fernandez said, referring to the South American football governing body.