Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/1996 |  | Siniša Kekić | MF | |||
| 01/1996 |  | Guðmundur Torfason | FW |  | Fylkir Reykjavík | Fylkir |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 05/1996 | | Björn Skúlason | DF |  | KR Reykjavík | KR |
| 03/1996 | | Þorsteinn Guðjónsson | DF | | KR Reykjavík | KR |
| 03/1996 | | Tómas Ingi Tómasson | FW |  | Raufoss IL | Raufoss IL |
| 01/1996 |  | Luka Kostić | MA | | KR Reykjavík | KR |