Striker Russell McLean has left Peterhead to join Montrose with Berwick Rangers midfielder Paul Willis joining the Blue Toon.
The 20-year-old arrived at the Balmoor in the summer of 2017 from East Kilbride.
In his first season with the Buchan outfit he bagged 17 goals, but it is understood this season he has been frustrated by a lack of starts due to competition from Rory McAllister and Derek Lyle.
With Shane Sutherland returning to the Blue Toon earlier this week from Elgin McLean asked to leave in search of more regular action and the attacker has agreed terms on a contract until the end of the season with the Gable Endies, who pipped Peterhead to the League Two title last season.
Meanwhile, Willis has signed a contract until the end of the season with Peterhead after leaving Berwick. The 27-year-old has also played for Dunfermline, East Fife, Ayr United and Albion Rovers.