Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/1992 |  | Rubén Espinoza | DF |  | Cruz Azul | Cruz Azul |
| 01/1992 | | Miguel Ardiman | DF |  | Deportes Concepción | Concepción |
| 01/1992 | | Patricio Mardones | MF |  | FC St. Gallen | St.Gallen |
| 01/1992 | | Juvenal Olmos | MF |  | Antofagasta | Antofagasta |
| 01/1992 | | Francisco Ugarte | MF |  | PAS Giannina | PAS Giannina |
| 01/1992 | | Manuel Pellegrini | MA |  | Palestino | Palestino |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 | | Francisco Hörmann | DF | | Antofagasta | Antofagasta |
| 01/1992 | | Fernando Cornejo | MF |  | Cobreloa | Cobreloa |
| 01/1992 | | Jaime Riveros | MF |  | Santa Cruz | Santa Cruz |
| 01/1992 |  | Ronald Baroni | FW |  | Universitario de Deportes | Universitario |
| 01/1992 |  | Gustavo de Luca | FW |  | Colo-Colo | Colo-Colo |
| 01/1992 |  | Nelson Acosta | MA |  | Unión Española | Unión Española |