Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2012 |  | Abdoulaye Ndiaye | FW |  | UMF Selfoss | Selfoss |
| 07/2012 |  | Ingvi Rafn Óskarsson | MF | | UMF Selfoss | Selfoss |
| 04/2012 | | Sene Abdalha | FW | | UMF Selfoss | Selfoss |
| 03/2012 | | Ari Páll Ísberg | MF |  | Fylkir Reykjavík | Fylkir |
| 01/2012 | | Örn Magnússon | DF |  | ÍH Hafnarfjörður | ÍH |
| 01/2012 |  | Andrew James Pew | DF |  | Árborg | Árborg |
| 01/2012 | | Aron Smárason | FW |  | Haukar Hafnarfjörður | Haukar |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2012 | | Ingvi Rafn Óskarsson | MF | | UMF Selfoss | Selfoss |
| 01/2012 | | Einar Már Þórisson | DF |  | KV Vesturbæjar | KVV |
| 01/2012 | | Haraldur Hróðmarsson | MF |  | BÍ/Bolungarvík | BÍ/Bolungarvík |
| 01/2012 | | Pétur Sæmundsson | FW |  | Álftanes | Álftanes |