An underwater object retrieval device for selective deployment to retrieve underwater objects includes an inflation unit that is configured to inflate upon command. A coupler is configured for coupling to an object to be placed underwater. A tether line has a first end, which is coupled to the inflation unit, and a second end, which is coupled to the coupler. A line storage unit is coupled to the tether line proximate to the second end. The line storage unit is positioned to house the tether line, such that the tether line is extensible from the line storage unit. The inflation unit is positioned to inflate upon user directed command, such that the inflation unit is buoyant. The tether line is extended from the line storage unit, such that the inflation unit reaches the water surface. The tether line is configured for retrieving the object to the surface.