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This article focuses on works attributed to Oddr Snorrason and Gunnlaugr Leifsson who were monks at Þingeyrar around the turn of the twelfth century. More specifically, the study examines their learned and creative use of biblical typology and symbolism in relation to King Ólafr Tryggvason and the Swedish Viking Yngvarr viðforli. These figures become especially prominent when the theme of salvation is touched on; this, it is argued, was of considerable importance to the Icelandic aristocratic and intellectual elite in the second half of the twelfth century. This, in turn, may shed light on the active participation of the chieftains Gizurr Hallsson and Jón Loptsson in this early phase of saga writing in Iceland.