Fred in midfield is also suicidal, he gives the ball away more than anyone but hes a risk taker and that means sometimes things don't come off, sometimes you lose the ball.
We need more than 1 system of play, he'd be deployed behind the striker. Hes a risk taker and a player at #10 needs to take risks. Hes a good finisher with excellent movement in behind the defence, example goal against arsenal, Hes got good vision as well as a good cross, he would have a free role there allow players interchange freely.
Hes not doing great on the wings and he knows that himself, he needs to be adapted to a new position or he'll have to leave.