Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 04/2000 |  | Ólafur Bjarnason | MF |  | Malmö FF | Malmö FF |
| 01/2000 | | Sigurður Sigurðsson | GK |  | Keflavík ÍF | Keflavík |
| 01/2000 |  | Zoran Đurić | DF | |||
| 01/2000 |  | Ray Jónsson | DF |  | ÍF Völsungur | ÍF Völsungur |
| 01/2000 | | Snorri Jónsson | DF | | Keflavík ÍF | Keflavík |
| 01/2000 | | Sverrir Sverrisson | DF |  | UMF Tindastóll | UMF Tindastóll |
| 01/2000 | | Goran Lukić | MF | |||
| 01/2000 | | Róbert Sigurðsson | MF | | Keflavík ÍF | Keflavík |
| 01/2000 | | Milan Jankovic | MA |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2000 | | Grétar Hjartarson | FW |  | Lillestrøm SK | LSK |
| 01/2000 | | Ármann Harðarson | GK |  | GG Grindavík | GG Grindavík |
| 08/1999 | | Ray Jónsson | DF | | ÍF Völsungur | ÍF Völsungur |
| 07/1999 | | Leifur Guðjónsson | FW |  | Þór Akureyri | Þór |