Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/2003 |  | Abel Lobatón | FW |  | Athletico Paranaense | Athletico - PR |
| 07/2003 | | Jimmy Corrales | DF | |||
| 07/2003 | | Giuliano Portilla | DF |  | Universitario de Deportes | Universitario |
| 07/2003 | | Carlos Lobatón | MF |  | Unión Huaral | Unión Huaral |
| 01/2003 | | Luis Araujo | GK | |||
| 01/2003 | | Oscar Ibáñez | GK | | Universitario de Deportes | Universitario |
| 01/2003 | | Santiago Acasiete | DF | | Universitario de Deportes | Universitario |
| 01/2003 | | Miguel Llanos | DF | |||
| 01/2003 |  | Carlos Lugo | DF |  | Juan Aurich | Juan Aurich |
| 01/2003 | | Sergio Ubillús | DF | | Juan Aurich | Juan Aurich |
| 01/2003 | | Juan Carlos Bazalar | MF |  | Alianza Lima | Alianza |
| 01/2003 | | Carlos García | MF | |||
| 01/2003 | | Carlos Ibarra | MF |  | Coronel Bolognesi | Coronel |
| 01/2003 | | Juan La Rosa | MF | |||
| 01/2003 | | Alex Magallanes | MF |  | Sporting Cristal | Sp. Cristal |
| 01/2003 | | Paolo Maldonado | MF | | Universitario de Deportes | Universitario |
| 01/2003 |  | Marcelo Vega | MF |  | Unión Española | Unión Española |
| 01/2003 | | Pedro Ascoy | FW | |||
| 01/2003 | | Roberto Holsen | FW | | Alianza Lima | Alianza |
| 01/2003 | | Ramón Rodríguez | FW | |||
| 01/2003 |  | Rodrigo Saraz | FW | |||
| 01/2003 | | Freddy Ternero | MA |  | Estudiantes de Medicina | Estudiantes de Medicina |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2003 | | Sergio Ubillús | DF |  | Sport Boys | Sport Boys |
| 07/2003 | | Carlos Ibarra | MF | | Unión Huaral | Unión Huaral |
| 07/2003 | | Marcelo Vega | MF |  | Universidad de Chile | Uni. de Chile |
| 01/2003 | | Ismael Alvarado | DF | | Estudiantes de Medicina | Estudiantes de Medicina |
| 01/2003 | | César Charún | DF |  | FBC Melgar | FBC Melgar |
| 01/2003 | | Miguel Ortega | MF | | FBC Melgar | FBC Melgar |