Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 05/2002 |  | Gestur Arnar Gylfason | DF |  | Hjørring AIK Frem | Hjørring AIK Frem |
| 05/2002 | | Atli Knútsson | GK |  | Breiðablik | Breiðablik |
| 01/2002 | | Michael Jónsson | DF | |||
| 01/2002 | | Eysteinn Hauksson Kjerúlf | MF |  | Keflavík ÍF | Keflavík |
| 01/2002 | | Alfreð Jóhannsson | MF |  | GG Grindavík | GG Grindavík |
| 01/2002 | | Helgi Guðfinnsson | FW | | GG Grindavík | GG Grindavík |
| 01/2002 | | Bjarni Jóhannsson | MA |  | Fylkir Reykjavík | Fylkir |
| 08/2001 | | Jóhann Aðalgeirsson | MF | | GG Grindavík | GG Grindavík |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2002 | | Sigurður Sigurðsson | GK |  | UMF Njarðvík | UMF Njarðvík |
| 01/2002 | | Sverrir Sverrisson | DF | | UMF Njarðvík | UMF Njarðvík |
| 01/2002 | | Ólafur Jónsson | MF | | Keflavík ÍF | Keflavík |
| 07/2001 | | Jóhann Aðalgeirsson | MF | | GG Grindavík | GG Grindavík |