It took me ages to figure this out, messing around with my uTorrent speed settings etc, eventually I found a text version in the Wilders Security forum so thought I would write it up and add some pics.
If you don't see the same as in the pics you may have to toggle Advanced mode.
1. Double click the Eset icon in your toolbar to bring up the GUI.
2. Click on Setup.
3. Click on Antivirus and Antispyware.
4. Go to Web access protection and click on Configure.
5. Enter your password if you have password protected your settings.
6. Expand the circled tree and scroll down the box until you find the uTorrent entry and then click in the box until it is a red X.
7. Thats it, you are done.