Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2002 |  | Freyr Alexandersson | DF | |||
| 01/2002 | | Baldvin Hallgrímsson | DF |  | ÍF Leiftur | ÍF Leiftur |
| 01/2002 | | Gunnar Borgþórsson | MF |  | Höttur/Huginn | Höttur/Huginn |
| 08/2001 | | Jón Hermannsson | DF |  | Fylkir Reykjavík | Fylkir |
| 07/2001 | | Þorvaldur Guðmundsson | FW |  | Þróttur Reykjavík | Þróttur |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2002 | | Sigurður Hermannsson | MF | | Fylkir Reykjavík | Fylkir |
| 10/2001 | | Jón Hermannsson | DF | | Fylkir Reykjavík | Fylkir |