Iceland Squad:
Goalkeepers:
Árni Gautur Arason (Vålerenga IF), Norway Daði Lárusson (FHk)
Defenders:
Hermann Hreiðarsson (Charlton Athletic), Indriði Sigurðsson (KRC Genk), Kristján Örn Sigurðsson (SK Brann), Ivar Ingimarsson (Reading FC), Grétar Rafn Steinsson (AZ Alkmaar)
Midfielders:
Brynjar Björn Gunnarsson (Reading FC), Arnar Þór Viðarsson (FC Twente), Jóhannes Karl Guðjónsson (Leicester City), Stefán Gíslason (SFK Lyn), Kári Árnason (Djurgårdens IF), Helgi Valur Daníelsson (Östers IF), Emil Hallfreðsson (Malmö FF), Gylfi Einarsson (Leeds United)
Strikers:
Eiður Smári Guðjohnsen (Chelsea FC), Heiðar Helguson (Fulham FC), Hannes Þ. Sigurðsson (Stoke City FC), Grétar Ólafur Hjartarson (KR)
T&T Squad:
Goalkeepers:
Shaka Hislop (West Ham United), Clayton Ince (Coventry City), Anthony Warner (Fulham)
Defenders:
Cyd Gray (San Juan Jabloteh), Marvin Andrews (Glasgow Rangers), Dennis Lawrence (Wrexham), Avery John (New England Revolution), Anthony Noreiga (Kansas City Wizards), Nigel Henry (unattached)
Midfielders:
Christopher Birchall (Port Vale), Aurtis Whitley (San Juan Jabloteh), Silvio Spann (unattached), Kevon Neaves (University of South Florida), Carlos Edwards (Luton Town), Ricky Shakes (Swindon Town), Dwight Yorke (Sydney FC), Russell Latapy (Falkirk)
Strikers:
Stern John (Coventry City), Kenwyne Jones (Southampton), Collin Samuel (Dundee United)