The UFL announced the following player transactions on Wednesday January 31, 2024.
The following players have been waived:
| TEAM | PLAYER NAME | POS | COLLEGE |
| BHM | Alijah Holder | DB | Stanford |
The UFL has agreed to terms with the following players:
| TEAM | PLAYER NAME | POS | COLLEGE |
| ARL | Sy Barnett | WR | Davenport |
| ARL | Vic Beasley | LB | Clemson |
| ARL | Caleb Vander Esch | WR | South Dakota |
| DC | Cam’Ron Harris | RB | Miami (FL) |
| SA | Landen Akers | WR | Iowa State |
| SA | K.D. Cannon | WR | Baylor |
| SA | Austin Edwards | DT | Ferris State |
| SA | Tom Flacco | QB | Towson |
| SA | Ryan Mueller | LB | Kansas State |
| STL | Freedom Akinmoladun | DE | Nebraska |
| STL | Mataeo Durant | RB | Duke |
| STL | Laved Hill | DB | Michigan |
| STL | Keylon Kennedy | DB | Garden City CC |
| STL | Elorm Lumor | DE | Towson |
| STL | Mykael Wright | DB | Oregon |
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