Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2011 |  | Anton Einarsson | GK |  | Hvíti riddarinn | Hvíti riddarinn |
| 07/2011 | | Egill Steingrímsson | FW |  | Fjölnir Reykjavík | Fjölnir |
| 07/2011 | | Arnór Snær Guðmundsson | DF | | Hvíti riddarinn | Hvíti riddarinn |
| 05/2011 | | Ásgeir Örn Arnþórsson | FW |  | Fylkir Reykjavík | Fylkir |
| 01/2011 | | Elvar Ingi Vignisson | MF |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2011 | | Egill Steingrímsson | FW | | Fjölnir Reykjavík | Fjölnir |
| 07/2011 | | Ásgeir Örn Arnþórsson | FW | | Fylkir Reykjavík | Fylkir |
| 05/2011 | | Arnór Snær Guðmundsson | DF | | Hvíti riddarinn | Hvíti riddarinn |