The film received four nominations:
Best Production Design
Best Costume Design
The film was shut out in the major creative areas—no nominations in any of the actor categories, no nomination for del Toro as director, and no nomination for del Toro and Morgan for their adapted screenplay.
So it appears that the “bone that got thrown” by the Academy was the tenth slot in the Best Picture category.
My guess is that it will win the Best Production Design Oscar—and probably nothing else.