Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2011 |  | Kristján Sigurólason | DF |  | Þór Akureyri | Þór |
| 07/2011 | | Steinþór Auðunsson | GK |  | ÍF Völsungur | ÍF Völsungur |
| 04/2011 | | Sveinn Birgisson | MF | | Þór Akureyri | Þór |
| 04/2011 | | Orri Gústafsson | FW | |||
| 01/2011 | | Elvar Guðjónsson | DF |  | ÍR Reykjavík | ÍR |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2011 | | Orri Gústafsson | FW |  | KA Akureyri | KA |
| 01/2011 | | Ragnar Hauksson | FW |  | KS/Leiftur | KS/Leiftur |