An anchor retrieval system for manually retrieving a submerged anchor without requiring heavy pulling includes an anchor retrieval apparatus generally in the form of a clip formed from cylindrical stainless steel fabricated into a unique shape the permits the device to be quickly connected to an anchor line by a simple sliding motion. The clip is further adapted by the attachment of a buoyant member, such as a buoy, to provide a buoyant lifting force. Once the clip is connected to the anchor line anchor retrieval system is tossed into the water and travels down the anchor line as the boat motors away from the buoy until the buoyant force lifts the anchor from the sea floor, whereafter the anchor line is manually drawn in to the boat as the anchor is buoyantly suspended near the surface.