Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2005 |  | Þórarinn Borgþórsson | MF |  | UMF Afturelding | UMF Afturelding |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2005 | | Bjarni Aðalsteinsson | DF |  | ÍB Vestmannaeyjar | ÍBV |
| 01/2005 | | Daníel Pálmason | MF |  | GG Grindavík | GG Grindavík |
Huginn