Iceland will select its 2006 Eurovision Song Contest participant on 18th February. On 21st and 28th January and 4th February, three semifinals will take place. 24 songs have been selected out of 216 entries.

In each semifinal, 8 participants will take part. Half of them will proceed to the final on 18th February, which contains 12 songs. All songs are in Icelandic, but for the Eurovision Song Contest the participants can choose to sing in English.

Iceland participates in the semifinal of the 2006 Eurovision Song Contest, as Selma didn't make it to reach the 2005 final with If I had your love.