Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2011 |  | Sverrir Ingason | DF |  | Breiðablik | Breiðablik |
| 07/2011 | | Rannver Sigurjónsson | MF |  | ÍR Reykjavík | ÍR |
| 05/2011 | | Bjarki Aðalsteinsson | MF | | Breiðablik | Breiðablik |
| 05/2011 | | Hilmar Bjartþórsson | MF | | Breiðablik | Breiðablik |
| 01/2011 | | Hjörvar Hafliðason | GK | |||
| 01/2011 | | Hrannar Jónsson | DF | |||
| 01/2011 | | Sigurður Þorsteinsson | MF |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2011 | | Sverrir Ingason | DF | | Breiðablik | Breiðablik |
| 10/2011 | | Bjarki Aðalsteinsson | MF | | Breiðablik | Breiðablik |
| 10/2011 | | Hilmar Bjartþórsson | MF | | Breiðablik | Breiðablik |