In this paper, we investigate the co-dimension two bifurcations and complicated dynamics of an optoelectronic reservoir computing (RC) system with single delayed feedback loop. We focuses primarily on its underlying system’s Hopf-Hopf bifurcation. Firstly, we apply DDE-BIFTOOL built in Matlab to sketch the bifurcation diagrams with respect to two bifurcation parameters, namely feedback strength β and time delay τ, and find the existence of the Hopf-Hopf bifurcation points. Then, using the multiple scales method, we obtain their normal forms, and using the normal form method, we unfold and classify their local dynamics. Then numerical simulations are conducted to verify these results. We discover rich dynamical behaviors of the system in specific regions. Besides, other complicated dynamics, such as fast-slow phenomena, Period n solutions, and chimera, are found in the system. All these rich dynamical phenomena can provide excellent performance potentially for this optoelectronic reservoir computing system with single delayed feedback loop.