The Liverpool man jumped ahead of his Manchester City counterpart in the top-flight scoring charts on Wednesday after netting all four goals in a comfortable win over Norwich - taking his tally to 13 in nine outings.
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"Suarez is a very important striker, but I think Sergio participates more in the game," Pellegrini is quoted as saying by the Daily Mirror.
"Sergio is just 25 years old, so I think of course he can improve. I think this year he has improved a lot in the way he works during matches.
"He has always been a top player and he has always scored goals, but I think at this moment, he has added working for the team without the ball, which is also important for him.
"I never said he was the best striker in the Premier League - I said he was the best player. Maybe there are players who are better strikers than him, but not as complete as him."