Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 11/2020 |  | Karl Gunnarsson | DF |  | Grótta | Grótta |
| 11/2020 | | Guðjón Lýðsson | MF |  | UMF Stjarnan | Stjarnan |
| 10/2020 | | Gunnar Heimir Ólafsson |  | Breiðablik U19 | Breiðablik U19 | |
| 10/2020 | | Tómas Jónsson | MF | | Breiðablik U19 | Breiðablik U19 |
| 09/2020 | | Brynjar Bragason | GK |  | Víkingur Ólafsvík | Víkingur Ólafsvík |
| 08/2020 | | Stefán Sigurðarson | FW |  | UMF Grindavík | Grindavík |
| 08/2020 | | Atli Andrason | MF |  | Víkingur Reykjavík | Víkingur |
| 08/2020 | | Ólafur Guðmundsson | DF |  | Keflavík ÍF | Keflavík |
| 07/2020 | | Kristján Gunnarsson | DF | | Breiðablik U19 | Breiðablik U19 |
| 07/2020 | | Hlynur Karlsson | DF |  | Breiðablik U17 | U17 |
| 07/2020 | | Anton Lúðvíksson | MF |  | SPAL 2013 Ferrara U17 | U17 |
| 02/2020 | | Höskuldur Gunnlaugsson | MF |  | Halmstads BK | Halmstads BK |
| 02/2020 | | Oliver Sigurjónsson | MF |  | FK Bodø/Glimt | Bodø/Glimt |
| 01/2020 | | Anton Einarsson | GK |  | Valur Reykjavík | Valur |
| 01/2020 | | Róbert Þorkelsson | DF |  | UMF Afturelding | UMF Afturelding |
| 01/2020 | | Kristinn Steindórsson | FW |  | FH Hafnarfjörður | FH |
| 01/2020 | | Óskar Hrafn Þorvaldsson | MA | | Grótta | Grótta |
| 01/2020 | | Halldór Árnason | AS-CO |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2020 | | Hlynur Karlsson | DF |  | Bologna FC U17 | U17 |
| 09/2020 |  | Kwame Quee | FW | | Víkingur Reykjavík | Víkingur |
| 07/2020 | | Arnar Geirsson | DF |  | Fylkir Reykjavík | Fylkir |
| 07/2020 | | Ólafur Guðmundsson | DF | | Keflavík ÍF | Keflavík |
| 07/2020 | | Guðjón Lýðsson | MF | | UMF Stjarnan | Stjarnan |
| 06/2020 | | Ísak Eyþór Guðlaugsson | DF |  | Augnablik | Augnablik |
| 06/2020 | | Sindri Ingimarsson | DF | | Augnablik | Augnablik |
| 06/2020 | | Aron Kári Aðalsteinsson | DF |  | Fram Reykjavík | Fram |
| 06/2020 | | Karl Gunnarsson | DF | | Grótta | Grótta |
| 02/2020 | | Anton Lúðvíksson | MF | | SPAL 2013 Ferrara U17 | U17 |
| 02/2020 | | Kristian Hlynsson | MF |  | AFC Ajax U17 | Ajax U17 |
| 01/2020 | | Ólafur Ólafsson | GK | | Fram Reykjavík | Fram |
| 01/2020 | | Sindri Snær Vilhjálmsson | GK | | Augnablik | Augnablik |
| 01/2020 | | Höskuldur Gunnlaugsson | MF | | Halmstads BK | Halmstads BK |
| 01/2020 | | Þórir Guðjónsson | FW | | Fram Reykjavík | Fram |
| 01/2020 | | Ágúst Gylfason | MA | | Grótta | Grótta |