WARNING: This page is about a different car, the 2002 Volvo C70, 2001 Volvo C70, 2000 Volvo C70, 1999 Volvo C70, and 1998 Volvo C70. However, it is still accessible from the selected car via links, so may be relevant.
Fig 1: Identifying Throwout Bearing, Fork And Dust Boot
Courtesy of VOLVO CARS OF NORTH AMERICA.
Check:
the throwout bearing. Rotate the bearing under light load, the bearing should rotate freely and silently.