The 28-year-old joined the Red Devils on loan until the end of the season on deadline day from Monaco, and Hoddle feels that his style will be very effective in the top flight of English football.
Hoddle wrote in the Daily Mail: "Radamel Falcao is about as a complete striker as you could wish to see. His movement off the ball is phenomenal, which means it's just so hard to contain him.
"He reminds me of Hernan Crepso, the Argentina striker who, like Falcao, played for River Plate and it would not surprise me if Falcao had modelled his game on Crespo or been coached by the same people.
"Falcao, though, probably has even more to his game that Crespo, in that he can start such runs from further out. In addition, he's very strong and his muscular build will suit the Premier League."
United face Queens Park Rangers at Old Trafford in the Premier League later today.