Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2002 |  | Kristinn Guðmundsson | GK |  | Valur Reykjavík | Valur |
| 01/2002 | | Hermann Albertsson | MF |  | KF Fjallabyggðar | KF |
| 01/2002 | | Jón Eiríksson | MF | | KF Fjallabyggðar | KF |
| 01/2002 | | Jóhann Hreiðarsson | MF | | Valur Reykjavík | Valur |
| 01/2002 | | Þorleifur Árnason | FW | | KF Fjallabyggðar | KF |