It is summarized based on previous studies that warm and salty Atlantic Water (AW) brings huge amount of heat into Arctic Ocean and influences oceanic heat distribution and climate. Both heat transportation and heat release of AW are key factors affecting the thermal process in Eurasian Basin. The Arctic circumpolar boundary current is the carrier of AW, whose flow velocity varies to influence the efficiency of the warm advection. Because the depth of AW in Eurasian Basin is much shallower than that in Canadian Basin, the upward heat release of AW is an important heat source to supply sea ice melting. Turbulent mixing, winter convention and double-diffusion convention constitute the main physical mechanism for AW upward heat release, which results in the decrease of the Atlantic water core temperature during its spreading along the boundary current. St. Anna Trough, a relatively narrow and long trough in northern continental shelf of Kara Sea, plays a key role in remodeling temperature and salinity characteristics of AW, in which the AW from Fram Strait enters the trough and mixes with the AW from Barents Sea. Since the 21st Century, AW in the Arctic Ocean has experienced obvious warming and had the influence on the physical processes in downstream Canada Basin, which is attributed to the anomalous warming events of AW inflowing from the Fram Strait. It is inferred that the warming AW is dominated by a long-term warming trend superimposed on low frequency oscillation occurring in the Nordic Seas and North Atlantic Ocean. As the Arctic Ocean is experiencing sea ice decline and Arctic amplification, the role of AW heat release in response to the rapid change needs further investigation.