Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1988 |  | Ögmundur Kristinsson | GK |  | Haukar Hafnarfjörður | Haukar |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1988 | | Stefán Halldórsson | DF |  | Víkingur Reykjavík | Víkingur |
Hamar
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1988 | | Ögmundur Kristinsson | GK | | Haukar Hafnarfjörður | Haukar |
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1988 | | Stefán Halldórsson | DF | | Víkingur Reykjavík | Víkingur |