Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 |  | Alfonso Dulanto | DF |  | Universidad San Martín | Uni. San Martín |
| 01/2004 | | Cristian García | DF |  | Alianza Lima | Alianza |
| 01/2004 | | Carlos Maldonado | DF |  | Cienciano | Cienciano |
| 01/2004 |  | Luis Caldas | MF | |||
| 01/2004 | | Hilden Salas | MF | |||
| 01/2004 | | Walter Zevallos | MF | | Alianza Lima | Alianza |
| 01/2004 | | Ramón Rodríguez | FW | | Cienciano | Cienciano |
| 07/2003 |  | Martín Arriola | DF | |||
| 07/2003 | | José Guevara | MF |  | Deportivo Wanka | Dep. Wanka |
| 07/2003 | | Gabriel García | FW |  | Liverpool | Liverpool FC |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 | | Sandro Gamarra | DF |  | Universidad Cesar Vallejo | Cesar Vallejo |
| 01/2004 | | Juan Ubillus | DF |  | Estudiantes de Medicina | Estudiantes de Medicina |
| 07/2003 | | Miguel Ortega | MF |  | Universitario de Deportes | Universitario |
| 07/2003 | | José Pereda | MF |  | Coronel Bolognesi | Coronel |