Reclaimed water irrigation has emerged as a critical alternative in agricultural regions facing water scarcity. However, soil pollution with microplastics (MPs) greatly increases the exposure risk and toxic effects of reclaimed water contaminations, such as phthalate esters (PAEs). A field experiment consisting of soil column pots evaluated the feasibility of using PAEs-contaminated water to irrigate oats (Avena sativa L.) in drought seasons. Three irrigation regimens based on soil matric potential thresholds (−10 kPa, −30 kPa, −50 kPa) explored the impact of PAE-contaminated water on oat physiology and environmental pollution in soil with and without MPs contamination. The results showed that treating oats at the SMP of −30 kPa boosted shoot biomass by 3.1%–14.0% compared to the drought condition at −50 kPa, and the root biomass of oats was significantly increased. The physiological metrics of oats indicated that irrigation at −50 kPa induced drought stress and oxidative damage in oats, particularly during the milk stage. Different irrigation treatments influenced the accumulation of PAEs in plants, soil, and leachate. The ratios of leachate to irrigation water in −10 kPa treatment with and without MPs addition were 1.18% and 4.48%, respectively, which aggravated the accumulation of pollutants in deep soil layers and may cause groundwater pollution. MPs pollution in soil increased the content of PAEs in the harvested oats and reduced the transport and accumulation of PAEs in deep soil layers (20–50 cm) and leachate. The coupling of PAEs in irrigation water with soil MPs pollution may exacerbate plant damage. However, the damage can be minimized under the scheduled irrigation at −30 kPa which could balance crop yield and potential risks.