Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 |  | Þorsteinn Guðjónsson | DF |  | KR Reykjavík | KR |
| 01/1992 | | Gestur Arnar Gylfason | DF |  | Keflavík ÍF | Keflavík |
| 01/1992 | | Milan Jankovic | DF | |||
| 01/1992 | | Þórður Bogason | MF |  | Valur Reykjavík | Valur |
| 01/1992 | | Guðmundur Helgason | MF |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1992 | | Einar Þór Daníelsson | MF | | KR Reykjavík | KR |
| 01/1992 | | Ómar Torfason | MF |  | Fram Reykjavík | Fram |