Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 |  | Adolf Óskarsson | GK |  | ÍB Vestmannaeyjar | ÍBV |
| 01/1992 | | Trausti Ívarsson | MF | |||
| 01/1992 | | Sævar Þór Gíslason | FW |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 | | Salih Porca | MF |  | Valur Reykjavík | Valur |
UMF Selfoss
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 | | Adolf Óskarsson | GK | | ÍB Vestmannaeyjar | ÍBV |
| 01/1992 | | Trausti Ívarsson | MF | |||
| 01/1992 | | Sævar Þór Gíslason | FW |
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 | | Salih Porca | MF | | Valur Reykjavík | Valur |