Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2012 |  | Guðrún Arnardóttir | DF | |||
| 01/2012 | | Ingibjörg Sigurðardóttir | DF |  | UMF Grindavík | Grindavík |
| 01/2012 | | Björk Gunnarsdóttir | FW |  | Valur Reykjavik | Valur |
| 01/2012 | | Rakel Hönnudóttir | FW |  | Þór/KA | Þór |
| 01/2012 | | Hlynur Svan Eiríksson | MA | | Þór/KA | Þór |
| 10/2011 | | Arna Ómarsdóttir | DF |  | KR Reykjavík | KR |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 05/2012 | | Anna Þorvarðardóttir | DF |  | Fram Reykjavík | Fram Reykjavík |
| 01/2012 | | Bryndís Lára Hrafnkelsdóttir | GK |  | ÍB Vestmannaeyjar | ÍBV |
| 01/2012 | | Andrea Gústavsdóttir | FW | | ÍB Vestmannaeyjar | ÍBV |
| 07/2011 | | Arna Ómarsdóttir | DF | | KR Reykjavík | KR |