This is a list of transfers in Serbian football for the 2019–20 winter transfer window. Moves featuring Serbian SuperLiga and Serbian First League sides are listed. The order by which the clubs are listed is equal to the classification at the mid-season of the 2019–20 season.
Serbian SuperLiga
Red Star Belgrade
In:
Out:
Partizan
In:
Out:
Vojvodina
In:
Out:
Čukarički
In:
Out:
TSC
In:
Out:
Voždovac
In:
Out:
Radnički Niš
In:
Out:
Spartak Subotica
In:
Out:
Mladost Lučani
In:
Out:
Napredak Kruševac
In:
Out:
Proleter Novi Sad
In:
Out:
Javor Ivanjica
In:
Out:
Radnik Surdulica
In:
Out:
Inđija
In:
Out:
Rad
In:
Out:
Mačva Šabac
In:
Out:
Serbian First League
Grafičar
In:
Out:
Metalac GM
In:
Out:
Zlatibor Čajetina
In:
Out:
OFK Bačka
In:
Out:
Kabel
In:
Out:
Kolubara
In:
Out:
Radnički Pirot
In:
Out:
Novi Pazar
In:
Out:
Dinamo Vranje
In:
Out:
Žarkovo
In:
Out:
Radnički 1923
In:
Out:
Trayal
In:
Out:
Zemun
In:
Out:
Sinđelić Beograd
In:
Out:
Smederevo 1924
In:
Out:
Budućnost Dobanovci
In:
Out: