Water droplet impacting into a deep liquid pool is one of the most well-known flow phenomena in fluid mechanics. As a ubiquitous natural aeration process, the coalescence of water droplets in lakes and ponds and the subsequent bubble entrapment are one of the most notable ways of gas-liquid exchange in nature, and it is of great significance for underwater sound transmission, aquatic ecosystems and chemical process. The shape of an oscillating droplet in impact under different surrounding medium and initial condition is a key factor for the subsequent cavity formation and bubble entrapment. In this study, the adaptive mesh refinement technique and volume of fluid (VOF) method are applied to the study of the water droplet impact phenomena. Five kinds of deformed micron water droplets with different aspect ratios and impact velocities of 4 m/s and 6 m/s are selected to investigate the influences of drop deformation and impact velocity on the bubble entrapment, capillary wave propagation, and vortex ring evolution. The results show that at low impact velocities (Fr = 75, We = 64.4, Re = 1160, V_i = 4 m/s), the shape of water droplet does not cause the cavity formation and bubble entrapment to change significantly. However, under higher impact velocity (Fr = 112.5, We = 145, Re = 1740, V_i = 6 m/s), deformed droplet with an aspect ratio of 1.33 coalesces with the pool, and large bubble entrainment occurs. The large bubble entrapment is affected mainly by the vortex ring generated under the free surface at the neck between the droplet and the pool. The vortex ring penetrates more deeply before it pulls the free surface to generate a rolling jet at the upper interface of the cavity. The rolling jets then contact the center of the cavity and collapse to entrain a large bubble. At the end of the bubble entrapment phenomenon, the cyclone inside the cavity pushes the sidewall of the cavity continuously, and effectively increases the lateral volume of the bubble, which plays a vital role in the bubble entrainment process. In the initial stage of the impact, the flatter the shape of the droplet, the greater the curvature of the jet generated on the neck between the droplet and the pool, the greater the strength of the vortex ring generated under the free surface. However, the vortex ring formed by the oblate-shaped water droplet is generated too close to the free surface, and the early free surface pulling reduces the strength of the vortex ring, thus the vorticity maximum value decays relatively fast.