Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 05/2012 |  | Þorsteinn Þorsteinsson | MF |  | UMF Selfoss | Selfoss |
| 04/2012 | | Elías Einarsson | GK | | UMF Selfoss | Selfoss |
| 01/2012 | | Markús Árni Vernharðsson | MF |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2012 |  | Andrew James Pew | DF |  | Hamar | Hamar |
| 01/2012 | | Gunnar Borgþórsson | MF |  | UMF Selfoss | UMF Selfoss |
| 01/2012 | | Ingvi Rafn Óskarsson | MF | | UMF Selfoss | Selfoss |
| 01/2012 | | Þorsteinn Þorsteinsson | MF | | UMF Selfoss | Selfoss |