Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2003 | Atli Knútsson | GK | ![]() | UMF Grindavík | Grindavík | |
| 01/2003 | Magnús Magnússon | GK | ![]() | ÍA Akranes | ÍA Akranes | |
| 01/2003 | Þorgeir Jónsson | DF |

| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2003 | Atli Knútsson | GK | ![]() | UMF Grindavík | Grindavík | |
| 01/2003 | Magnús Magnússon | GK | ![]() | ÍA Akranes | ÍA Akranes | |
| 01/2003 | Þorgeir Jónsson | DF |