Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 11/2011 |  | José Canova | DF |  | Alianza Lima U20 | Alianza Lima U20 |
| 08/2011 | | Joazinho Arroé | MF |  | ACN Siena 1904 | Siena |
| 08/2011 | | José Carlos Fernández | FW |  | Deportivo Quito | SD Quito |
| 07/2011 |  | Miguel Arrué | MA | |||
| 07/2011 |  | Johnnier Montaño | MF |  | Konyaspor | Konyaspor |
| 07/2011 | | Yordy Reyna | MF | | Alianza Lima U20 | Alianza Lima U20 |
| 07/2011 | | Carlos Gonzáles | FW | |||
| 05/2011 | | Ángel Azurín | GK | | Alianza Lima U20 | Alianza Lima U20 |
| 01/2011 | | Carlos Ascues | DF | | Alianza Lima U20 | Alianza Lima U20 |
| 01/2011 | | Manuel Corrales | DF |  | Universidad Cesar Vallejo | Cesar Vallejo |
| 01/2011 | | José Mesarina | DF |  | José Gálvez | José Gálvez |
| 01/2011 | | Christian Ramos | DF |  | Universidad San Martín | Uni. San Martín |
| 01/2011 | | Hernán Hinostroza | MF | |||
| 01/2011 | | Junior Viza | MF |  | Hapoel Petach-Tikva | Hapoel Petach-T |
| 01/2011 | | Jorge Bazán | FW | | Alianza Lima U20 | Alianza Lima U20 |
| 01/2011 | | Leonardo Castro | FW |  | Internacional de Bogotá | La Equidad |
| 01/2011 |  | Hernán Peirone | FW |  | San Luis | San Luis |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 09/2011 | | Leonardo Castro | FW |  | CN Iquitos | CN Iquitos |
| 09/2011 | | Hans Tarrillo | FW | | CN Iquitos | CN Iquitos |
| 07/2011 | | André Carrillo | MF |  | Sporting CP | Sporting |
| 03/2011 | | Donny Neyra | MF |  | Cobresol FBC | Cobresol FBC |
| 02/2011 | | Paolo De La Haza | DF |  | Jiāngsū FC | Jiangsu FC |
| 01/2011 | | Jesús Cisneros | GK | | CN Iquitos | CN Iquitos |
| 01/2011 | | Kerwin Peixoto | DF | | Cobresol FBC | Cobresol FBC |
| 01/2011 | | Walter Vílchez | DF |  | Sporting Cristal | Sp. Cristal |
| 01/2011 | | Marko Ciurlizza | MF |  | Sport Boys | Sport Boys |
| 01/2011 | | Jorge Molina | MF |  | Juan Aurich | Juan Aurich |
| 01/2011 | | José Rivas | MF |  | Alianza Atlético | Alianza Atlétic |
| 01/2011 | | Eduardo Uribe | MF | | Juan Aurich | Juan Aurich |
| 01/2011 | | Jorge Leiva | FW |  | León de Huánuco | León de Huánuco |
| 01/2011 | | Carlos Olascuaga | FW |  | Cienciano | Cienciano |