Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 04/1998 |  | Sergey Krekshin | MF | |||
| 04/1998 | | Andrey Stakhanov | FW | |||
| 01/1998 |  | Magnus Poulsen | GK |  | B36 Tórshavn | B36 |
| 01/1998 | | Niels Suni Poulsen | DF |  | HB Tórshavn | HB |
| 01/1998 | | Øssur Hansen | MF |  | GÍ Gøta | GÍ |
| 01/1998 | | Sámal Hentze | MF | |||
| 01/1998 | | Bogi Petersen | MF | |||
| 01/1998 | | Janus Thomsen | MF | |||
| 01/1998 | | Petur Simonsen | MA |  | ÍF Fuglafjørður | ÍF |
| 08/1997 | | Oleif Joensen | DF | |||
| 08/1997 | | Súni Fríði Johannesen | FW |  | NSÍ Runavík | NSÍ Runavík |
| 08/1997 | | Abraham Løkin | FW | | NSÍ Runavík | NSÍ Runavík |
| 07/1997 | | Mass Anthoniussen | MF |  | Skála ÍF | Skála |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1998 | | Signar Johannesen | DF |  | AB Argir | AB |
| 01/1998 | | Páll Didriksen | FW | | NSÍ Runavík | NSÍ Runavík |
| 01/1998 | | Súni Fríði Johannesen | FW | | HB Tórshavn | HB |
| 01/1998 | | Abraham Løkin | FW | | NSÍ Runavík | NSÍ Runavík |
| 07/1997 | | Øssur Hansen | MF | | GÍ Gøta | GÍ |