Ommastrephid squids undergo remarkable morphological change during the transition from planktonic paralarvae to adults. These changes are characterized by changes in the relative growth of body dimensions and mark phases and stages in post-embryonic development. The following morphometric characters of paralarval and juvenille Illex argentinus ranging in size from 1–55 mm ML were measured: dorsal mantle length (ML), mantle width (MW), head width (HW), eye diameter (ED), right arm lengths (AIL) (AIIL) (AIIIL) (AIVL), proboscis length (PL), proboscis division (PD), fin length (FL), fin width (FW), right tentacle length (TL), club length (CIL), dactylus length (DL) and carpus + manus length (CML). The relative growth of AIL, AIIL, AIIIL, HW and ED, showed discontinuities at c. 14 mm ML, while AIL, AIIL, AIIIL, AIVL, FL, and TL showed other discontinuities at c. 28 mm ML. These discontinuities seem to be related to the activity and ability of the animal to obtain food and survive in different environments. At an early phase (1–14 mm ML), there is a rapid development of the arms, suckers and fins. In the second stage (14–28 mm ML) there is a rapid development of the tentacles and clubs. In the third (>28 mm ML), the juvenile grows more in length in relation to other body parts. No morphological change, besides the proboscis division, takes place at the end of rhynchoteuthion stage. This may indicate the necessity for re-evaluation of the paralarval phase in Ommastrephidae.