Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2008 |  | Illugi Gunnarsson | MF | |||
| 07/2008 |  | Evan Schwartz | FW | |||
| 01/2008 | | Hákon Bjarnason | DF |  | ÍH Hafnarfjörður | ÍH |
| 01/2008 | | Tómas Þorsteinsson | DF | |||
| 01/2008 | | Sigurður Harðarson | MF |  | Fylkir Reykjavík | Fylkir |
| 01/2008 | | Viktor Sigurjónsson | MF |  | Víkingur Reykjavík | Víkingur |
| 01/2008 |  | Paul Clapson | FW |  | KÍ Klaksvík | KÍ |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2008 | | Gunnar Borgþórsson | MF |  | UMF Selfoss | Selfoss |
| 01/2008 | | Þórarinn Borgþórsson | MF |  | IF Höttur | IF Höttur |