This is a simple drawing, but super cute! The first time I drew this little guy was an accident, but it turned out great. Thought I'd share this so you can put your own little twist on it. Have fun!
Finished Product

1

Top of the head
2

Add where the eyes go
3

Define eye shapes
4

Fill in the eyes, continue the head a little bit
5

Top of the first couple tentacles
6

Continue adding tentacles
7

8

9

Finish drawing tentacles
10

Add underparts to the tentacles
--is underparts a word? :')
--is underparts a word? :')
11

Add little suction cups
12

Add camouflage/more details
13 (optional)

Add two tentacles coming up behind to see all 8 if you want
COLOR!!

14

Add base layer of color
15

Add the details
16

Color in underneath the tentacles
17

Refine anything you need to
Final Steps

I added some gold highlights and a bit of a blue background, but do what you want with this

