Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 |  | Þorvaldur Jónsson | GK |  | Breiðablik | Breiðablik |
| 01/1992 | | Sindri Bjarnason | DF |  | Valur Reykjavík | Valur |
| 01/1992 | | Pétur Marteinsson | DF |  | Fram Reykjavík | Fram |
| 01/1992 | | Matthías Sigvaldason | DF | |||
| 01/1992 | | Anton Mark Duffield | MF |  | KS Siglufjörður | KS Siglufjörður |
| 01/1992 | | Steingrímur Eiðsson | MF | |||
| 01/1992 | | Pétur Jónsson | MF |  | ÍR Reykjavík | ÍR |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 | | Aðalsteinn Aðalsteinsson | FW |  | Víkingur Reykjavík | Víkingur |