Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2002 |  | Þorvaldur Guðbjörnsson | DF |  | KF Fjallabyggðar | KF |
| 01/2002 | | Baldvin Hallgrímsson | DF |  | UMF Afturelding | UMF Afturelding |
| 01/2002 | | Hjörvar Maronsson | DF | | KF Fjallabyggðar | KF |
| 01/2002 |  | Alexandre Barreto | FW |  | Þór Akureyri | Þór |
| 01/2002 | | Hörður Már Magnússon | FW |  | HK Kópavogur | HK |
| 01/2002 |  | Jens Erik Rasmussen | FW |  | FS Vágar | FSV |