Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1954 | Valdir | GK | ||||
| 01/1954 | Chinesinho | MF | ![]() | Rio Grande - RS | Rio Grande | |
| 07/1953 | Orlando | DF | ![]() | Grêmio Porto Alegre | Grêmio |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1954 | Énio Rodrigues | MF | ![]() | Grêmio Porto Alegre | Grêmio |

| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1954 | Valdir | GK | ||||
| 01/1954 | Chinesinho | MF | ![]() | Rio Grande - RS | Rio Grande | |
| 07/1953 | Orlando | DF | ![]() | Grêmio Porto Alegre | Grêmio |
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1954 | Énio Rodrigues | MF | ![]() | Grêmio Porto Alegre | Grêmio |