Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 05/1997 |  | Scott Ramsey | MF | |||
| 04/1997 |  | Steven White | FW | |||
| 01/1997 |  | Leivur Hansen | DF | |||
| 01/1997 | | Samson Nesá | DF | |||
| 01/1997 | | Svenn Olsen | DF | |||
| 01/1997 | | Hans Petersen | DF | |||
| 01/1997 | | Poul Henning Jacobsen | MF | |||
| 01/1997 | | Súni Olsen | MF | |||
| 01/1997 | | Omar Pálsson | MF | |||
| 01/1997 | | Jón Sigurð Gleðisheygg | FW | |||
| 01/1997 | | Magni Jacobsen | FW |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 05/1997 | | Scott Ramsey | MF |  | Reynir Sandgerði | Reynir Sandgerði |
| 01/1997 | | Rúni Joensen | GK |  | Leirvík ÍF | LÍF |
| 01/1997 | | Mass Anthoniussen | MF |  | Skála ÍF | Skála |
| 01/1997 | | John Petersen | FW |  | B36 Tórshavn | B36 |