Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2008 |  | Ingþór Guðmundsson | FW |  | Árborg | Árborg |
| 10/2008 | | Árni Hafþórsson | DF | | Árborg | Árborg |
| 07/2008 | | Jón Guðbrandsson | FW |  | Víkingur Reykjavík | Víkingur |
| 07/2008 | | Ásgeir Ásgeirsson | MF |  | Fylkir Reykjavík | Fylkir |
| 07/2008 | | Kristján Óli Sigurðsson | MF |  | Hvöt Blönduós | Hvöt Blönduós |
| 05/2008 | | Arnar Úlfarsson | DF | | Fylkir Reykjavík | Fylkir |
| 01/2008 | | Jóhann Sigurðsson | GK | | Fylkir Reykjavík | Fylkir |
| 01/2008 |  | Dušan Ivković | DF |  | KS/Leiftur | KS/Leiftur |
| 01/2008 | | Hjalti Jóhannesson | DF |  | KFS Vestmannaeyjar | KFS |
| 01/2008 | | Jón Böðvarsson | MF | |||
| 01/2008 | | Gunnar Borgþórsson | MF |  | UMF Afturelding | UMF Afturelding |
| 01/2008 | | Henning Jónasson | MF |  | KR Reykjavík | KR |
| 01/2008 | | Guðmundur Þórarinsson | MF |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2008 | | Arnar Úlfarsson | DF | | Fylkir Reykjavík | Fylkir |
| 07/2008 | | Árni Hafþórsson | DF | | Árborg | Árborg |
| 07/2008 | | Ingþór Guðmundsson | FW | | Árborg | Árborg |