An arrow retrieval system for retrieving arrows from hard-to-reach locations such as when submerged in water. The arrow retrieval system generally includes a handle adapted to be grasped by an operator. A clamp may be connected to the handle, with the clamp being adapted to selectively and releasably clamp an arrow within the clamp. The clamp may be adjustable between a closed position and an engaged position. A bias member may be connected to the clamp such that the clamp is biased toward the closed position; with the clamp being adapted to adjust into the engaged position when an arrow is inserted into the clamp. In the engaged position the clamp engages with and secures the arrow within the clamp. With the arrow secured within the clamp, the handle may be pulled outwardly to dislodge and retrieve the arrow from any location in which it is stuck.