@Lancruza : IMHO I would avoiding using any petroleum/solvent based product on rubber fan belts (although they regularly get oil soaked if your engine has leaks). If your belts are squeaking they're either too loose, too tight, wrong type/ shape, or worn out. If the AC tensioner pulley groove is significantly worn (V becoming a U) that may also contribute to belt noise IMO.
To help determine if a noise is coming from the belts you can spray water on them with the engine idling ie: using a garden hose (or a bottle of water), just a quick spray from in front/above the engine directly at the belts/harmonic balancer (
not at the distributor). If the noise is from a belt it should go away for a second or two then come back.
The AC Idle (tensioner) pulley bearing can be replaced but keep in mind that the pulley grooves themselves can wear (ie: the V shape can become wallowed
out slightly) so IMO it might be better to just go ahead and replace the entire AC pulley/bearing assembly (88440-26090) if yours is the original.
The Alternator Idler pulley (16603-66010) does have a bearing but to replace it you have to drill out a bunch of rivets, replace the bearing, replace
all the rivets,--- just way too much trouble. Buy either a new Toyota idler pulley or if money is tight NSK makes a high quality pulley (64TB0101S01) for 1/8th the Toyota price (OEM $114 retail vs NSK $14 @ Rockauto).
Been discussed in the past and some people run without the alternator fan belt idler pulley but IMHO it serves a purpose (general agreement that it's there to keep the belts from flopping around and coming off).