Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1991 |  | Þorsteinn Bjarnason | GK |  | FH Hafnarfjörður | FH |
| 01/1991 | | Ólafur Ólafsson | DF |  | Víkingur Reykjavík | Víkingur |
| 01/1991 | | Ómar Torfason | MF |  | ÍF Leiftur | ÍF Leiftur |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1991 | | Gunnlaugur Einarsson | MF |  | Valur Reykjavík | Valur |