The Blancos attacker, who scored during his side's win at Levante last weekend, feels the Frenchman is one of the top forwards in the game today
The France international has been repeatedly heckled by the Santiago Bernabeu crowd this season, having managed just two goals in eight Liga appearances.
There has even been talk of Benzema being replaced in Madrid starting line-up by Morata, but the youngster argues that he still has a lot of improving to do before he can be compared with the former Olympique Lyonnais forward.
"I know I need to keep working and that I’ve got one of the best strikers in the world ahead of me," the 20-year-old Spaniard told reporters on Monday.
Morata, though, proved his worth with a 90th-minute equaliser in Madrid's dramatic 3-2 victory over Levante on Saturday night but while the youngster was delighted with his impact on the match, he is keeping his feet firmly planted on the ground.
"I need to take it step by step and keep working. I’m training well and if I get the chance I’ll try to take advantage of it.
"I think a lot has changed, maturing over time. But I’m still the same. I don’t think I’ve changed much."