Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1989 |  | Guðmundur Erlingsson | GK |  | Þróttur Reykjavík | Þróttur |
| 01/1989 | | Ólafur Ólafsson | DF |  | Víkingur Reykjavík | Víkingur |
| 01/1989 | | Ómar Valdimarsson | DF | |||
| 01/1989 | | Hörður Hilmarsson | MF | |||
| 01/1989 | | Ingi Björn Albertsson | FW |  | FH Hafnarfjörður | FH |