Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2012 |  | Sveinn Atli Árnason | FW | |||
| 01/2012 | | Halldór Ásgrímsson | FW | |||
| 01/2012 | | Ottó Ingason | FW |  | Fjölnir Reykjavík | Fjölnir |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/2012 | | Ottó Ingason | FW | | Fjölnir Reykjavík | Fjölnir |
| 01/2012 | | Guðmundur Júlíusson | MF | | Fjölnir Reykjavík | Fjölnir |
| 01/2012 | | Júlíus Orri Óskarsson | FW | | Fjölnir Reykjavík | Fjölnir |