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Transactions listed are from October 1 of previous year to April 1 of the following year.
- November 16, 1954
Traded players to be named later and Sam Jones to the Chicago Cubs. Received a player to be named later. The Chicago Cubs sent Ralph Kiner (November 16, 1954) to the Cleveland Indians to complete the trade. The Cleveland Indians sent $60,000 (November 16, 1954) and Gale Wade (November 30, 1954) to the Chicago Cubs to complete the trade.
- November 22, 1954
- Before 1955 Season
Signed Gary Bell as an amateur free agent.
Signed Don Dillard as an amateur free agent.
Signed Carroll Hardy as an amateur free agent.
Signed Wynn Hawkins as an amateur free agent.
Signed Carl Mathias as an amateur free agent.
Signed Larry Raines as an amateur free agent.
Signed Elder White as an amateur free agent.
Joe Ginsberg sent to San Diego (PCL) in an unknown transaction.
Hank Izquierdo received from Winston-Salem (Carolina) in an unknown transaction.
- April 8, 1955
- April 12, 1955
- April 13, 1955
- May 11, 1955
- May 17, 1955
- June 15, 1955
- June 27, 1955
- June 29, 1955
Released Ted Gray.
- July 2, 1955
- July 3, 1955
- July 5, 1955
Signed Kenny Kuhn as an amateur free agent (bonus baby).
- July 14, 1955
- July 16, 1955
- July 31, 1955
- October 15, 1955
Signed Cal McLish as a free agent.
- October 17, 1955
- October 24, 1955
Released Ralph Kiner.
- October 25, 1955
- November 2, 1955
Released Ferris Fain.
- November 27, 1955
- Before 1956 Season
- March 1, 1956
Purchased Ted Beard from San Francisco (PCL).
- March 24, 1956
Signed Sam Mele as a free agent.