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With gradual decline of global finfish resources, fisheries targeting cephalopods expanded. Yet, the stock assessment and management practice are frequently lacking, and existing ones often remain poorly suited for cephalopod unique life-history. In light of increasing ecological disturbances in marine ecosystems worldwide, assessing exploited species' status and response becomes vital for devising effective strategies that would ensure their sustainable management. There is generally scarce understanding of the way fisheries and other environmental stressors exert their combined effects on cephalopods stock dynamic and long-term resilience. To that end, evolutionary-based population studies that inform on identity, connectivity and adaptive potential of natural populations present a unique opportunity for assessing the viability of exploited cephalopod stocks. Such studies have been revolutionized in the last decade by proliferation of next generation sequencing technologies. They offer new avenues for expanding our knowledge, especially on population structure and the evolutionary responses to shifts in environmental pressures. In this paper we elaborate on how deep genomic insights into demographic and evolutionary status of fished cephalopods could improve their stock assessment and management practice. We also propose that the common octopus Octopus vulgaris would be a suitable model species to test the power of evolutionary tools to inform fishery scientists and managers on biological questions relevant for their sustainable exploitation. [ABSTRACT FROM AUTHOR]