Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 04/1998 |  | Søren Jørgensen | DF |  | Helsingør IF | Helsingør IF |
| 01/1998 |  | Mortan Joensen | GK | |||
| 01/1998 | | Rúni Joensen | GK |  | NSÍ Runavík | NSÍ Runavík |
| 01/1998 | | Ronni Hansen | DF | |||
| 01/1998 | | Johannes Petersen | FW | |||
| 01/1998 | | Petur Sjúrðaberg | FW | |||
| 01/1998 | | Jan Skoradal | FW | |||
| 01/1998 | | Jóhan Nielsen | MA | |||
| 07/1997 | | Øssur Hansen | MF |  | B68 Toftir | B68 |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1998 | | Jens Martin Knudsen | GK |  | ÍF Leiftur | ÍF Leiftur |
| 01/1998 | | Agnar Højgaard | DF |  | Skála ÍF | Skála |
| 01/1998 | | Øssur Hansen | MF | | B68 Toftir | B68 |
| 01/1998 |  | Páll Guðlaugsson | MA | | ÍF Leiftur | ÍF Leiftur |