Los Rojiblancos currently find themselves sat in third behind Barcelona and Real Madrid, while they also occupy second spot in their Champions League group at this moment in time.
There have been notable areas of strength and weakness this season as far as Atletico are concerned, so with that in mind, we have decided to provide two of each from their season so far...
Positive - The Defence
Diego Simeone teams have become renowned over the years for, first and foremost, shutting out the opposition.
Well, this season has proven no different. Atletico have the joint-best defensive record in the league, while their tally of seven clean sheets from the opening 13 matches means they also top the list in that department. The likes of Kieran Trippier and Renan Lodi have slotted into the back four with consummate ease, while they have also proven to be valuable assets going forward.
Overall, its this ability to continue to dig in and limit the oppositions chances that allows the team to continue to pick up points, even when they are not playing at their absolute best.
Negative - Lack of Goals
Yes, Atleti may well be top of the charts in regard to defence, but this is certainly not the case when it comes to goalscoring.
In stark contrast, Simeones men sit 11th in terms of goals scored, having only found the net 15 times in their opening 13 matches. To put this into context, this is only three goals more than the amount Mallorca have scored, who rank 17th in this department.
Alvaro Morata is currently the clubs top goalscorer, having found the net five times from ten appearances in La Liga this season. Diego Costa, Joao Felix and Vitolo are the only other players to have found the net on two occasions in the league, reaffirming the lack of goal threat.
This inability to find the net with greater regularity has already cost the team this season and it will continue to hold them back, unless something changes.
Positive - Still Within Range of Top Two
Barcelona have found the net on 33 occasions this season, while Real Madrid have scored 25 times, and yet somehow Atletico find themselves within one point of the two teams above them.
Admittedly, both clubs have played one game fewer than Simeones side, but Los Rojiblancos are certainly in a strong position at this moment in time. Further to this, both clubs have shown frailties this season and the title race appears well and truly up for grabs.
It is the inconsistency of the teams around them that could aid Atletico in their push to secure the La Liga crown. Whatever one thinks about the style of play and the lack of goals, Atletico will continue to pick up results and they will fight all the way until the end of the season, putting them in a strong position.
Negative - Dropped Points
The previous negative was, of course, the issue of goals. As a result of this, they have been pegged back and have ended up drawing matches, which, ultimately, they should have come away with all three points in.
Los Rojiblancos have recently let two 1-0 leads slip against Alaves and Valencia in the league, costing them four points. Overall, the Spanish side have drawn a whopping six matches in La Liga this season, while they have also drawn against Juventus in the Champions League.
Elsewhere, Simeones men have played out three goalless draws this season, as a result of these problems in front of goal. If Atletico continue to drop points against teams throughout the season, they will simply be unable to compete despite their defensive strength.