Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 11/2011 |  | Sakis Tsiolis | MA | |||
| 10/2011 | | Ilias Solakis | FW |  | Olympiakos Volou | Olymp. Volou |
| 09/2011 |  | Horácio Gonçalves | MA | |||
| 08/2011 |  | Leandro Álvarez | DF | | Olympiakos Volou | Olymp. Volou |
| 08/2011 |  | Mário Breška | FW | | Olympiakos Volou | Olymp. Volou |
| 07/2011 | | Georgios Bantis | GK |  | AEP Iraklis FC | Iraklis |
| 07/2011 | | Georgios Georgakopoulos | GK | |||
| 07/2011 |  | Jacobo | GK |  | Real Valladolid | Valladolid |
| 07/2011 | | Giorgos Kyriakopoulos | GK | |||
| 07/2011 |  | Domagoj Cesarec | DF | |||
| 07/2011 | | Lautaro Formica | DF |  | Cerro Porteño | Cerro Porteño |
| 07/2011 | | Athanasios Kostoulas | DF |  | Xanthi FC | Xhanti FC |
| 07/2011 | | Panagiotis Petrousis | DF | |||
| 07/2011 | | Anastasios Tsoumagas | DF |  | APS Zakynthos | APS Zakynthos |
| 07/2011 |  | Hegon | MF |  | Avaí - SC | Avaí |
| 07/2011 | | Jonathan Sesma | MF |  | Córdoba CF | Córdoba |
| 07/2011 | | Juanito | MF |  | UD Almería | Almería |
| 07/2011 | | Juli | MF |  | Rayo Vallecano | Rayo |
| 07/2011 | | Rayo | MF |  | Lleida CF | Lleida |
| 07/2011 | | Usero | MF | | Córdoba CF | Córdoba |
| 07/2011 | | Ximo Navarro | MF |  | Valencia CF B | Valencia B |
| 07/2011 | | Emanuel Perrone | FW |  | Anorthosis Famagusta | Anorthosis |
| 07/2011 | | Óscar Fernández | MA |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2012 | | Nikolaos Skondras | DF |  | PAO Rouf | PAO Rouf |
| 01/2012 | | Jonathan Sesma | MF |  | RSD Alcalá | RSD Alcalá |
| 01/2012 |  | Mark Kerr | MF |  | Dunfermline Athletic | Dunfermline |
| 01/2012 |  | Radosław Matusiak | FW |  | Widzew Łódź | Widzew Łódź |
| 07/2011 | | Nikolaos Anastasopoulos | GK |  | AO Kerkyra | AO Kerkyra |
| 07/2011 | | Matías Degrá | GK |  | AEL Limassol | AEL Limassol |
| 07/2011 | | Sokratis Fitanidis | DF |  | Atromitos | Atromitos |
| 07/2011 | | Vassilios Lampropoulos | DF |  | GS Ilioupolis | GS Ilioupolis |
| 07/2011 | | Bruno Urribarri | DF |  | Colón de Santa Fe | Colón |
| 07/2011 |  | Shaloze Chigozie | MF |  | Astra Giurgiu | Astra |
| 07/2011 | | Cris | MF |  | CD Feirense | Feirense |
| 07/2011 | | Kostas Fortounis | MF |  | 1. FC Kaiserslautern | K'lautern |
| 07/2011 | | Marcelo Goianira | MF |  | AEL Kalloni | AEL Kalloni |
| 07/2011 | | Thanasis Papazoglou | FW |  | PAOK Saloniki | PAOK |