Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2009 |  | Guðmundur Pétursson | FW |  | KR Reykjavík | KR |
| 06/2009 | | Vignir Jóhannesson | GK |  | UMF Afturelding | UMF Afturelding |
| 01/2009 | | Ingvar Þór Kale | GK |  | Víkingur Reykjavík | Víkingur |
| 01/2009 | | Sigmar Sigurðarson | GK |  | Hvöt Blönduós | Hvöt Blönduós |
| 01/2009 | | Tómas Óli Garðarsson | DF | |||
| 01/2009 | | Elfar Helgason | DF | |||
| 01/2009 | | Kári Ársælsson | MF |  | UMF Stjarnan | Stjarnan |
| 01/2009 | | Guðjón Gunnarsson | MF |  | KS/Leiftur | KS/Leiftur |
| 01/2009 | | Andri Yeoman | MF | |||
| 01/2009 | | Reynir Magnússon | FW | |||
| 01/2009 |  | Evan Schwartz | FW | | UMF Afturelding | UMF Afturelding |
| 01/2009 | | Arnar Sigurðsson | FW |  | Augnablik | Augnablik |
| 01/2009 | | Aron Smárason | FW |  | UMF Njarðvík | UMF Njarðvík |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2009 | | Guðjón Gunnarsson | MF | | KS/Leiftur | KS/Leiftur |
| 05/2009 | | Vignir Jóhannesson | GK | | UMF Afturelding | UMF Afturelding |
| 02/2009 | | Magnús Gunnarsson | DF |  | Wuppertaler SV | Wuppertal |
| 01/2009 |  | Casper Jacobsen | GK |  | Vejle BK | Vejle BK |
| 01/2009 | | Steinþór Þorsteinsson | DF | | UMF Stjarnan | Stjarnan |
| 01/2009 | | Jóhann Guðmundsson | MF |  | AZ Alkmaar (J) | AZ (J) |
| 01/2009 | | Marel Baldvinsson | FW |  | Valur Reykjavík | Valur |
| 01/2009 | | Hörður Bjarnason | FW |  | KF Berserkir/Mídas | KF Berserkir |
| 01/2009 |  | Prince Rajcomar | FW | | KR Reykjavík | KR |