Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 |  | Oscar Antelo | GK | |||
| 01/2004 | | José Barba | DF | |||
| 01/2004 |  | Panfilo Escobar | DF |  | Club Nacional | Nacional |
| 01/2004 | | Jorge Ortíz | DF | |||
| 01/2004 |  | José Maria Paz | DF |  | Huracán | Huracán |
| 01/2004 | | Renny Ribera | DF |  | The Strongest | The Strongest |
| 01/2004 | | Dario Cabrol | MF |  | Emelec | Emelec |
| 01/2004 | | José Chávez | MF | |||
| 01/2004 |  | Dimas | MF |  | Santa Cruz - PE | Santa Cruz |
| 01/2004 | | Eduardo Fierro | FW | |||
| 01/2004 | | Raúl Maldonado | FW | |||
| 01/2004 | | Pablo Salinas | FW |  | Real Potosí | Real Potosí |
| 07/2003 | | Gabriel Nasta | DF |  | San Martín de Mendoza | San Martín |
| 07/2003 | | Eduardo Iachetti | FW | | San Martín de Mendoza | San Martín |
| 07/2003 | | Ariel Mangiantini | FW |  | Oriente Petrolero | Petrolero |
| 07/2003 | | Marcos Morinigo | FW |  | 12 de Octubre de Itauguá | 12 de Octubre |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 02/2004 | | Javier Klimowicz | GK |  | Deportivo Cuenca | Cuenca |
| 01/2004 | | Gabriel Nasta | DF |  | Guillermo Brown | Brown |
| 01/2004 | | Luis Marín Camacho | MF |  | La Paz FC | La Paz FC |
| 01/2004 | | Eduardo Iachetti | FW | | Deportivo Cuenca | Cuenca |
| 01/2004 | | Ariel Mangiantini | FW |  | Ferro Carril Oeste | Ferro CO |
| 01/2004 | | Marcos Morinigo | FW |  | Talleres de Perico | Talleres |
| 01/2004 | | Carlos Suárez | FW |  | Jorge Wilstermann | Wilstermann |
| 07/2003 | | José Moreiras | MF |  | Audaz Octubrino | |Audaz O |
| 07/2003 | | Leonardo Colombo | MF |  | Temperley | Temperley |