Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2008 |  | Guðjón Lýðsson | MF |  | UMF Stjarnan | Stjarnan |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2008 | | Andri Helgason | GK |  | Þróttur Reykjavík | Þróttur |
| 01/2008 | | Magnús Pétursson | GK |  | KF Garðabæjar | KF Garðabæjar |
| 01/2008 | | Ómar Bendtsen | FW |  | ÍH Hafnarfjörður | ÍH |