Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2005 |  | Ágúst Magnússon | MF |  | ÍA Akranes | ÍA Akranes |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2006 | | Stefán Magnússon | GK |  | KS/Leiftur | KS/Leiftur |
| 01/2006 | | Kristinn Baldursson | DF | | KS/Leiftur | KS/Leiftur |
| 01/2006 |  | Milos Tanasic | DF | | KS/Leiftur | KS/Leiftur |
| 01/2006 | | Sigurbjörn Hafþórsson | MF | | KS/Leiftur | KS/Leiftur |
| 01/2006 | | Ágúst Magnússon | MF |  | Kári | Kári |
| 01/2006 | | Þórður Birgisson | FW |  | HK Kópavogur | HK |
| 01/2006 | | Ragnar Hauksson | FW | | KS/Leiftur | KS/Leiftur |