The Colombia international netted his 30th goal of the season to help the Rojiblancos to a hard-fought victory, and Simeone believes that the attacker is on par with Barcelona star Lionel Messi and Real Madrid forward Cristiano Ronaldo.
"Real Madrid have Cristiano Ronaldo and Barcelona have Messi, but we have Falcao. He scored yet another winner, and we're delighted that he's our striker," Simeone said to reporters.
Falcao has netted 22 goals in 29 La Liga appearances for Atletico this term, while netting eight more in the Europa League.
The Vicente Calderon side climbed to ninth spot in the league table following this weekend's results.