Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2005 |  | Lewis Dodds | MF |  | ÍB Vestmannaeyjar | ÍBV |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2005 |  | Andri Björnsson | DF |  | Valur Reykjavík | Valur |
| 01/2005 | | Ingólfur Þórarinsson | FW |  | Fram Reykjavík | Fram |
UMF Selfoss
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2005 | | Lewis Dodds | MF | | ÍB Vestmannaeyjar | ÍBV |
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2005 | | Andri Björnsson | DF | | Valur Reykjavík | Valur |
| 01/2005 | | Ingólfur Þórarinsson | FW | | Fram Reykjavík | Fram |