Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2003 |  | Dani Evuy | DF | |||
| 07/2003 |  | Antonio Iriondo | MA |  | Rayo Vallecano | Rayo |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 02/2004 | | Antonio Iriondo | MA |  | UD SS Reyes | Sanse |
| 07/2003 | | Sergio | DF |  | Rayo Majadahonda | Majadahonda |
Rayo Vallecano B