Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1995 |  | Bjarni Sveinbjörnsson | FW |  | Þór Akureyri | Þór |
| 07/1994 | | Jón Þórir Jónsson | FW |  | Breiðablik | Breiðablik |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1995 | | Heiðar Helguson | FW |  | Þróttur Reykjavík | Þróttur |
UMFS Dalvík
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1995 | | Bjarni Sveinbjörnsson | FW | | Þór Akureyri | Þór |
| 07/1994 | | Jón Þórir Jónsson | FW | | Breiðablik | Breiðablik |
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1995 | | Heiðar Helguson | FW | | Þróttur Reykjavík | Þróttur |