If you are pretty sure it's the spline that's sloppy, you could try something slightly less expensive - pick up new axle bolts at the dealer and install them per the Volvo torque recommendation. I believe they are actually torque-to-yield bolts, the exact tightening/torquing values I don't have at hand.
At 175,000 miles we get a sort of "clack" noise on the front LH axle of my wife's S80 when shifting from reverse to drive, or vice versa, but after jacking up the wheel and rocking it forward and backward I have narrowed it down to play in the CV joint rather than the spline. (I'm awaiting a good time to take the car out of service long enough to have the axles rebuilt.)
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Current rides: 2005 Volvo S80 2.5T, 2003 Volvo V70 2.4NA, 1973 Volvo 1800ES (getting ever closer to road worthiness)
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