Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 03/2008 |  | Elvar Sigurðsson | FW | |||
| 01/2008 | | Birgir Birgisson | FW |  | Víkingur Ólafsvík | Víkingur Ólafsvík |
| 01/2008 | | Arnar Sigurðsson | FW |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2008 | | Birgir Birgisson | FW |  | UMF Stjarnan | Stjarnan |
| 01/2008 | | Ágúst Ágústsson | MF |  | Hvöt Blönduós | Hvöt Blönduós |
| 01/2008 | | Haukur Baldvinsson | MF |  | Breiðablik | Breiðablik |
| 01/2008 | | Guðjón Gunnarsson | MF |  | KS/Leiftur | KS/Leiftur |
| 01/2008 | | Alfreð Finnbogason | FW | | Breiðablik | Breiðablik |