By ESPNSTAR.com staff
Falcao's free-scoring form has seen him take the lead in the Pichichi race early on, only to be caught up by Ronaldo and Messi, who scored a brace each in the Clasico over the weekend.
The Colombian's eye-catching performance in the UEFA Super Cup against Chelsea also had him linked with them as well as Manchester City for a reported fee of around €60million.
Schuster, who has played for Barcelona and both Madrid sides previously, believes that Falcao has reached the level of the much-vaunted duo, but Atletico would be hard-pressed to break into the top two spots despite Real Madrid captain Iker Casillas' opinion that the Rojiblancos are title contenders.
"Right now the Colombian is like Messi and Cristiano. They're from another planet, but I can only see Atleti challenging for third place," he told Marca.
The Clasico over the past week ended in a 2-2 draw where both Messi and Ronaldo shone with two goals to cancel each other out. Schuster felt that Real Madrid should feel encouraged by the result and hailed the thrilling match as an excellent advertisement for football.
"Even Madrid can win at the Camp Nou now. They're more even now.", he added.
"The match had everything: goals, two clear penalties for Özil and Iniesta, the referee let Xabi Alonso off a card and the two goal geniuses who scored the goals and left the football to their teammates. That is what was needed for an excellent game".
Schuster also felt that the two penalty claims were fair: "Those wearing the team colours will say that one was a penalty and the other wasn't, but there's not much to discuss. Pepe stamping Iniesta couldn't be clearer and Mascherano fouled Ozil."