It is a huge blow to the tourists – who are already 2-0 down – and to Wood, whose international future is now in doubt.
One of the fastest bowlers to ever play for England, Wood has taken 119 wickets in 38 Tests since making his debut in 2015.
He was part of the team that won the Ashes in 2015, lifted the 2019 50-over World Cup and was in the England squad that won the T20 World Cup in 2022.
His career has been blighted by injuries and the Perth Test was the end of a 15-month absence from Test cricket, firstly because of an elbow injury, then the knee problem.
Wood bowled 11 overs at Perth Stadium, without taking a wicket. He has travelled with the rest of the England squad to their mid-series break in Noosa, but will not be part of the group for the third Test in Adelaide, beginning on 17 December (23:30 16 December GMT).
Surrey’s Fisher, 28, won his only Test cap on a tour of the West Indies in 2022. He has been part of the England Lions squad on their tour of Australia.
Considered adept at bowling with the Kookaburra ball used in Australia, Fisher gets the nod ahead of Josh Hull.
Sonny Baker and Tom Lawes would have been other options, but both were ruled out of the Lions squad with injuries.
Meanwhile, Australia’s Josh Hazlewood has also been ruled out of the remainder of the series.
Hazlewood, 34, initially missed the first two Tests with a hamstring problem and has now suffered an Achilles tendon setback.
However, Australia coach Andrew McDonald confirmed captain Pat Cummins is set to make his comeback when the hosts reveal their squad for the third Test on Wednesday.
With Cummins due to return from a back problem and off-spinner Nathan Lyon likely to play in Adelaide after being left out of the day-night in Brisbane, Australia will make at least two changes to their team.
Seamers Michael Neser and Brendan Doggett are the candidates to be left out.
Australia could also recall batter Usman Khawaja after the opener struggled in the first Test with a back injury, then missed the second.
McDonald said Khawaja could return at number five, leaving a new opening partnership of Travis Head and Jake Weatherald intact.
