Visual object tracking with semantic deep features has recently attracted much attention in computer vision. Especially, Siamese trackers, which aim to learn a decision making-based similarity evaluation, are widely utilized in the tracking community. However, the online updating of the Siamese fashion is still a tricky issue due to the limitation, which is a tradeoff between model adaption and degradation. To address such an issue, in this article, we propose a novel attentional transfer learning-based Siamese network (SiamATL), which fully exploits the previous knowledge to inspire the current tracker learning in the decision-making module. First, we explicitly model the template and surroundings by using an attentional online update strategy to avoid template pollution. Then, we introduce an instance-transfer discriminative correlation filter (ITDCF) to enhance the distinguishing ability of the tracker. Finally, we suggest a mutual compensation mechanism that integrates cross-correlation matching and ITDCF detection into the decision-making subnetwork to achieve online tracking. Comprehensive experiments demonstrate that our approach outperforms state-of-the-art tracking algorithms on multiple large-scale tracking datasets.