Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 |  | Santiago Morandi | GK | |||
| 01/2004 | | Juan Péndola | DF |  | Bella Vista | Bella Vista |
| 01/2004 | | Maximiliano Castro | MF | |||
| 01/2004 | | Álvaro Pintos | FW |  | Universitario de Deportes | Universitario |
| 07/2003 | | Enrique de los Santos | DF |  | Peñarol | Peñarol |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 | | Sérgio Navarro | GK |  | Plaza Colonia | Plaza Colonia |
| 01/2004 | | César Pellegrín | DF |  | Deportivo Maldonado | Maldonado |
| 01/2004 | | Aldo Díaz | FW |  | Tacuarembó | Tacuarembó |
| 01/2004 | | Luis Romero | FW |  | Nacional | Nacional |