Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 10/2008 |  | Páll Guðmundsson | MF |  | Reynir Sandgerði | Reynir Sandgerði |
| 07/2008 | | Grétar Hjartarson | FW |  | KR Reykjavík | KR |
| 07/2008 |  | Aljosa Gluhovic | MF |  | IF Höttur | IF Höttur |
| 07/2008 |  | Gilles Mbang Ondo | FW | |||
| 05/2008 |  | Marinko Škaričić | DF | |||
| 01/2008 | | Žankarlo Šimunić | GK | |||
| 01/2008 | | Magnús Þormar | GK |  | UMF Stjarnan | Stjarnan |
| 01/2008 |  | Zoran Stamenic | DF | |||
| 01/2008 | | Marko Stefánsson | MF | |||
| 01/2008 | | Sveinn Steingrímsson | FW |  | Hamar | Hamar |
| 01/2008 |  | Tomasz Stolpa | FW |  | Gefle IF | Gefle IF |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/2008 | | Marko Stefánsson | MF |  | UMF Njarðvík | UMF Njarðvík |
| 07/2008 | | Þorfinnur Gunnlaugsson | DF | | Reynir Sandgerði | Reynir Sandgerði |
| 07/2008 | | Páll Guðmundsson | MF | | Reynir Sandgerði | Reynir Sandgerði |
| 07/2008 | | Magnús Þormar | GK |  | Keflavík ÍF | Keflavík |
| 01/2008 | | Helgi Már Helgason | GK | | Reynir Sandgerði | Reynir Sandgerði |
| 01/2008 | | Guðmundur Bjarnason | DF |  | KF Fjarðabyggðar | Fjarðabyggð |
| 01/2008 | | Óli Stefán Flóventsson | MF |  | Fjölnir Reykjavík | Fjölnir |
| 01/2008 | | Ólafur Hermannsson | MF |  | Þróttur Vogum | UMFÞ |
| 01/2008 |  | Ian Paul McShane | MF |  | Fram Reykjavík | Fram |
| 01/2008 | | Ivan Žgela | MF |  | HNK Cibalia | HNK Cibalia |