Sounds more like the stem seals to me. Try chucking in a bottle of forte oil seal conditioner - get the genuine stuff (about £13 off ebay) and if you are running thinner oil change it to 10w40 semi synthetic and you may find that helps and will be a lot cheaper than turbo rebuild/valve stem seal replacement.
Rebuilding the turbo is fairly easy (once it's on the table in front of you...), there is a good guide on here which I followed when doing mine.
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Andrew
1998 S70 T5 CD AUTO
Previously a 1990 240 GLT-R
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