Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 |  | Serginho | FW |  | FC Penafiel | Penafiel |
| 11/2003 | | Jorginho | FW |  | Leça FC | Leça FC |
| 07/2003 | | Ricardo Silva | GK |  | FC Porto B | FC Porto B |
| 07/2003 | | Altino | DF |  | Moreirense FC | Moreirense |
| 07/2003 |  | Wesley John | DF |  | FC Felgueiras 1932 | FC Felgueiras |
| 07/2003 | | Pedro Geraldo | DF |  | Pedras Rubras | Pedras Rubras |
| 07/2003 | | Armando Evangelista | MF | | Moreirense FC | Moreirense |
| 07/2003 | | Formoso | MF | |||
| 07/2003 | | Artur Jorge | FW |  | SC Espinho | SC Espinho |
| 07/2003 | | Jaiminho | FW |  | FC Vizela | Vizela |
| 07/2003 |  | Orlando | FW | | FC Penafiel | Penafiel |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 | | Jaiminho | FW |  | SC Maria Fonte | Maria Fonte |
| 01/2004 | | Orlando | FW |  | Sporting Covilhã | Covilha |
| 07/2003 | | Carlos Filipe | DF |  | Ermesinde | Ermesinde |
| 07/2003 | | Nélson | MF |  | GD Joane | GD Joane |