Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2011 |  | Garðar Geirsson | MF |  | Markaregn | Markaregn |
| 07/2011 | | Pétur Sæmundsson | FW | | Markaregn | Markaregn |
| 04/2011 | | Einar Már Þórisson | DF |  | KR Reykjavík | KR |
| 01/2011 | | Ellert Eiríksson | DF |  | Hvöt Blönduós | Hvöt Blönduós |
| 01/2011 | | Björn Hermannsson | DF |  | Fram Reykjavík | Fram |
| 01/2011 | | Arnþór Ingi Kristinsson | MF |  | ÍA Akranes | ÍA Akranes |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2011 | | Arnar Þórarinsson | FW |  | KF Berserkir/Mídas | KF Berserkir |