Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2012 |  | Ian Paul McShane | MF |  | UMF Grindavík | Grindavík |
| 07/2012 |  | Ásgeir Örn Arnþórsson | FW |  | Fylkir Reykjavík | Fylkir |
| 07/2012 | | Egill Steingrímsson | FW |  | Fjölnir Reykjavík | Fjölnir |
| 01/2012 | | Fannar Baldvinsson | MF |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2012 | | Ásgeir Örn Arnþórsson | FW | | Fylkir Reykjavík | Fylkir |