Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/2008 |  | Jens Elvar Sævarsson | DF |  | Þróttur Reykjavík | Þróttur |
| 08/2008 | | Calum Bett | FW | |||
| 07/2008 | | Trausti Eiríksson | FW | |||
| 01/2008 | | Sigmar Sigurðarson | GK |  | ÍH Hafnarfjörður | ÍH |
| 01/2008 | | Ágúst Ágústsson | MF |  | Augnablik | Augnablik |
| 01/2008 | | Páll Einarsson | MF |  | Fylkir Reykjavík | Fylkir |
| 01/2008 | | Ragnar Gunnarsson | MF |  | Fjölnir Reykjavík | Fjölnir |
| 01/2008 | | Benjamín Gunnlaugarson | MF | |||
| 01/2008 | | Kristján Óli Sigurðsson | MF |  | Breiðablik | Breiðablik |
| 01/2008 | | Árni Einar Adolfsson | FW |  | KS/Leiftur | KS/Leiftur |
| 01/2008 | | Bjarni Pálmason | FW |  | Hamrarnir | Hamrarnir |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2008 | | Kristján Óli Sigurðsson | MF |  | UMF Selfoss | Selfoss |
| 07/2008 | | Árni Einar Adolfsson | FW |  | UMF Tindastóll | UMF Tindastóll |
| 04/2008 | | Gunnar Ásgeirsson | FW |  | Hamar | Hamar |