Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/2002 |  | Bárður á Lakjuni | DF |  | KÍ Klaksvík | KÍ |
| 07/2002 | | Høgni Madsen | MF |  | ÍF Fuglafjørður | ÍF |
| 05/2002 | | Andras Jacobsen | DF | | KÍ Klaksvík | KÍ |
| 05/2002 | | Súni Olsen | MF |  | PEC Zwolle | PEC Zwolle |
| 01/2002 | | Hanus Jacobsen | DF | |||
| 01/2002 | | Poul Arni Jacobsen | DF | |||
| 01/2002 | | Jónreid Dalheim | MF | |||
| 01/2002 |  | Krzysztof Popczyński | MF |  | FC Suðuroy | FC Suðuroy |
| 01/2002 | | Súni Fríði Johannesen | FW |  | B68 Toftir | B68 |
| 01/2002 | | Páll Poulsen | FW | |||
| 01/2002 | | Anton Skoradal | AS-CO |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 05/2002 | | Omar Pálsson | MF |  | Leirvík ÍF | LÍF |
| 01/2002 | | Marek Wegiel | MF | | Leirvík ÍF | LÍF |
| 01/2002 | | Óli Hansen | FW |  | NSÍ Runavík | NSÍ Runavík |
| 01/2002 | | Helgi Petersen | FW | | NSÍ Runavík | NSÍ Runavík |
| 01/2002 |  | Sveinn Vilhjálmsson | FW |  | Reynir Sandgerði | Reynir Sandgerði |