Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/1996 |  | Þorvaldur Guðbjörnsson | DF |  | KS Siglufjörður | KS Siglufjörður |
| 01/1996 | | Auðun Helgason | DF |  | FH Hafnarfjörður | FH |
| 01/1996 | | Guðmundur Erlingsson | GK | |||
| 01/1996 | | Atli Knútsson | GK |  | KR Reykjavík | KR |
| 01/1996 | | Izudin Dervić | DF | | KR Reykjavík | KR |
| 01/1996 | | Hilmar Rúnarsson | DF | |||
| 01/1996 |  | Rastislav Lazorik | FW |  | FC Baník Prievidza | FC Baník Prievidza |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1996 | | Steinn Gunnarsson | DF |  | KA Akureyri | KA |