Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2011 |  | Emil Símonarson | FW |  | UMF Grindavík | Grindavík |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2011 | | Kristján Sigurólason | DF |  | Þór Akureyri | Þór |
| 01/2011 | | Örn Hauksson | MF |  | Nesodden IF | Nesodden IF |
Stryn
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2011 | | Emil Símonarson | FW | | UMF Grindavík | Grindavík |
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2011 | | Kristján Sigurólason | DF | | Þór Akureyri | Þór |
| 01/2011 | | Örn Hauksson | MF | | Nesodden IF | Nesodden IF |