Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1999 |  | Vasiliy Kuznetsov | GK |  | FK Krasnoznamensk | FK Krasnoznamensk |
| 01/1999 |  | Hayk Babayan | DF |  | FC Ararat | Ararat |
| 01/1999 | | Hakob Mkryan | DF | | FC Ararat | Ararat |
| 01/1999 | | Suren Chakhalyan | MF |  | Pyunik FC | Pyunik |
| 01/1999 |  | Marcelo Devani | MF |  | Armenio | Armenio |
| 01/1999 | | Gor Hovhannisyan | MF | |||
| 01/1999 | | Grigor Mkrtchyan | MF |  | Impuls Dilijan | Impuls Dilijan |
| 01/1999 | | Andranik Zanazanyan | MF | | FC Ararat | Ararat |
| 07/1998 | | Albert Atshemyan | ||||
| 07/1998 |  | Guillaume Cecutti | DF |  | SM Caen | SM Caen |
| 07/1998 | | Armen Galstyan | DF | | Pyunik FC | Pyunik |
| 07/1998 | | Artur Mkrtchyan | DF | | Pyunik FC | Pyunik |
| 07/1998 | | Aramayis Tonoyan | DF |  | Sepahan FC | Sepahan FC |
| 07/1998 | | Armen Karapetyan | MF |  | Shirak FC | Shirak FC |
| 07/1998 | | Levon Stepanyan | MF | | Sepahan FC | Sepahan FC |
| 07/1998 | | Varazdat Avetisyan | FW | | Pyunik FC | Pyunik |
| 07/1998 | | Philippe Barraud | FW |  | Stade Poitevin | Stade Poitevin |
| 07/1998 | | Regis Garault | FW |  | LB Châteauroux | Châteauroux |
| 07/1998 | | Armen Shahgeldyan | FW |  | Chernomorets Odessa | Chernomorets |
| 07/1998 | | Samvel Darbinyan | MA |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1999 | | Harutyun Abrahamyan | GK | | FC Ararat | Ararat |
| 01/1999 | | Karen Grigoryan | DF |  | Spartak Nalchik | Nalchik |
| 01/1999 | | Vardan Khachatryan | DF |  | Rubin Kazan | Kazan |
| 01/1999 | | Levon Stepanyan | MF | | Sepahan FC | Sepahan FC |
| 01/1999 | | Philippe Barraud | FW | | Stade Poitevin | Stade Poitevin |
| 01/1999 | | Tigran Yesayan | FW |  | Torpedo Zaporizhya | Torpedo Zaporizhya |
| 09/1998 | | Suren Chakhalyan | MF | | Pyunik FC | Pyunik |
| 08/1998 | | Artur Mkrtchyan | DF |  | Torpedo Moskva | Torpedo |
| 08/1998 | | Armen Shahgeldyan | FW |  | FC Lausanne-Sport | FC Lausanne |
| 07/1998 |  | Serge Gogua | DF | | FC Lausanne-Sport | FC Lausanne |
| 07/1998 | | Razmik Grigoryan | MF | | Impuls Dilijan | Impuls Dilijan |
| 07/1998 | | Artur Minasyan | MF | | FC Lausanne-Sport | FC Lausanne |