Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/1997 |  | Joseph Aziz | FW |  | Polonia Warszawa | Polonia Warszaw |
| 01/1997 |  | Rafael Arnao | DF | |||
| 01/1997 | | Rubén Díaz | DF | |||
| 01/1997 | | Martin Vasquez | DF |  | Juan Aurich | Juan Aurich |
| 01/1997 | | Ismael Abrahamson | MF | |||
| 01/1997 | | Prince Amoako | MF |  | Asante Kotoko | Asante Kotoko |
| 01/1997 | | Alfredo Carmona | MF |  | Deportivo Municipal | Municipal |
| 01/1997 | | Aldo Olcese | MF |  | Alianza Atlético | Alianza Atlétic |
| 01/1997 | | Roger Serrano | MF | |||
| 01/1997 | | Carlos Zegarra | MF | |||
| 01/1997 |  | Adrián Czornomaz | FW |  | Universitario de Deportes | Universitario |
| 01/1997 |  | Sergio Markarián | MA |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/1997 | | Nolberto Solano | MF |  | Boca Juniors | Boca Juniors |
| 07/1997 | | Martín Hidalgo | DF |  | UD Las Palmas | UD Las Palmas |
| 07/1997 | | Adrián Czornomaz | FW |  | CA Los Andes | Los Andes |
| 01/1997 | | Orlando Prado | DF |  | Deportivo Wanka | Dep. Wanka |
| 01/1997 | | Juan Ubillus | DF | | Deportivo Municipal | Municipal |
| 01/1997 | | Roberto Palacios | MF |  | Puebla FC | Puebla |
| 01/1997 | | German Pinillos | MF | | Universitario de Deportes | Universitario |
| 01/1997 |  | Estanislao Struway | MF |  | Portuguesa - SP | Portuguesa |