Full-waveform inversion (FWI) strongly depends on an accurate starting model to succeed. This is particularly true in the elastic regime: The cycle-skipping phenomenon is more severe in elastic FWI compared to acoustic FWI due to the short S-wave wavelength. In this article, we extend our work on extrapolated FWI (EFWI) by proposing to synthesize the low frequencies of multicomponent elastic seismic records and use those “artificial” low frequencies to seed the frequency sweep of elastic FWI. Our solution involves deep learning: we can either train the same convolutional neural network (CNN) on two training datasets, one with vertical components and one with horizontal components of particle velocities, or train with two components together, to extrapolate the low frequencies of elastic data for 2-D elastic FWI. The architecture of this CNN is designed with a large receptive field by dilated convolution. Numerical examples on the Marmousi2 model show that the 2–4 Hz low-frequency data extrapolated from band-limited data above 4 Hz provide good starting models for elastic FWI of P- and S-wave velocities. In addition, we study the generalization ability of the proposed neural network from acoustic to elastic data. For elastic test data, collecting the training dataset by elastic simulation shows better extrapolation accuracy than acoustic simulation, i.e., a smaller generalization gap.