On 27 May 2011, erratic Costa Rican Marvin Angulo was axed by Melbourne Victory just weeks after his loan deal appeared set to be extended,[1] while goalkeeper Michael Petkovic announced his retirement.

[6] On 20 August 2011, Melbourne Victory officially confirmed the signing of Socceroos and former Leeds, Liverpool and Galatasaray player Harry Kewell on a three-year contract.

[7] On 15 September 2011, it was announced Brazilian Fabio Alves had signed a one-year contract with Victory, after an impressive trial performance in a pre-season friendly against reigning champions Brisbane Roar.

[13] On 24 January 2012 it was confirmed that Julius Davies had signed with Melbourne Victory after impressing the staff during his two weeks of training with the club, although he was not cleared to play until 16 March 2012.

On 8 February 2012 Hong Kong based Spanish defender Ubay Luzardo secured a loan deal to Melbourne Victory until the end of the season.