Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 07/2004 |  | Manuel Arboleda | DF |  | Atlético Huila | Atlético Huila |
| 07/2004 |  | Paolo De La Haza | DF | |||
| 07/2004 |  | Juan Péndola | DF |  | Central Español | Español |
| 07/2004 | | Edwar Torrealba | DF | |||
| 07/2004 | | Daniel Gamarra | MF |  | El Tanque Sisley | El Tanque |
| 01/2004 | | Jesús Cisneros | GK |  | Alianza Lima | Alianza |
| 01/2004 | | Rafael Arnao | DF |  | Deportivo Wanka | Dep. Wanka |
| 01/2004 | | Frank Rojas | DF |  | Coronel Bolognesi | Coronel |
| 01/2004 | | César Balbín | MF | | Deportivo Wanka | Dep. Wanka |
| 01/2004 | | Alfredo Carmona | MF |  | Sport Boys | Sport Boys |
| 01/2004 | | Jean Ferrari | MF |  | América de Cali | América |
| 01/2004 |  | Sergio Ibarra | FW |  | Unión Huaral | Unión Huaral |
| 01/2004 | | Miguel Mostto | FW |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 09/2004 | | Santiago Acasiete | DF |  | UD Almería | Almería |
| 07/2004 |  | Carlos Lugo | DF |  | Real Colima | Real Colima |
| 07/2004 | | Frank Rojas | DF | | Coronel Bolognesi | Coronel |
| 07/2004 | | César Ccahuantico | MF |  | Universidad San Martín | Uni. San Martín |
| 07/2004 | | Jean Ferrari | MF | | Sport Boys | Sport Boys |
| 07/2004 | | Julio García | MF |  | Atlético Morelia | Morelia |
| 07/2004 | | Paolo Maldonado | MF |  | FBC Melgar | FBC Melgar |
| 01/2004 | | Carlos Maldonado | DF | | FBC Melgar | FBC Melgar |
| 01/2004 | | Alex Magallanes | MF | | Unión Huaral | Unión Huaral |
| 01/2004 | | Pedro Ascoy | FW |  | Alianza Atlético | Alianza Atlétic |
| 01/2004 | | Roberto Holsen | FW |  | Universitario de Deportes | Universitario |
| 01/2004 | | Abel Lobatón | FW |  | Universidad Cesar Vallejo | Cesar Vallejo |
| 01/2004 | | Ramón Rodríguez | FW | | FBC Melgar | FBC Melgar |
| 01/2004 | | Ernesto Zapata | FW | | Deportivo Wanka | Dep. Wanka |