Originally Posted by
jdl_1967
Just a guess, but it may well be the tensioner on the belt on its way out.
When you let off the power the belt loses tension and if the tensioner isn't working properly it may allow the belt to go loose and you get slight slippage causing the squeal.
Basically the wee damper might be shot and allowing the spring to bounce all over the place when letting off the accelerator.
You can remove the damper without removing the whole tensioner to check if it's lost its resistance. I removed my o/s wheel and wheel arch liner and its right in front of you.