The new information reported in this paper is based on 11 specimens of the large-tuberculate octopus Graneledone macrotyla. These specimens were caught in bottom trawl surveys ATLANTIS 2009 and 2010 carried out on the Patagonian slope off the Argentinean Economic Exclusive Zone between 24 February and 1 April 2009 and from 9 March to 5 April 2010 respectively. A new diagnosis and a complete description of the species are provided. This is the first time that stylets, beaks and spermatophores are described. This is also the first time in which mature females have been studied and the female genitalia described. Like other eledonid octopods, G. macrotyla does not have spermathecae in the oviducal glands. The presence of fertilized eggs inside the ovary suggests that fertilization takes place within the ovary. The simultaneous occurrence of oocyte cohorts at different oogenic stages suggests that the species is a multiple spawner. G. macrotyla inhabits shallower waters on the Patagonian slope (475-921 m) than in the subantartic area (1647-2044 m). From a biogeographical point of view, our data show that G. macrotyla inhabits the plume of cold subantarctic waters, which is pushed far north into the southwestern Atlantic by the Falkland (Malvinas) Current.