Here are some possible ways to refer to such a creature:
* Merman/Merwoman with tentacles: This emphasizes the human-like aspects and adds the octopus feature.
* Octo-humanoid: This emphasizes the octopus-like aspects and highlights the humanoid form.
* Cephalopod Man: This is more generic but accurately reflects the creature's origins.
Ultimately, the best name will depend on the specific context and the creature's role in the story.