David Luiz conceded that Atletico Madrid were a fantastic team after the Spanish leaders ended Chelsea's Champions League hopes.
Chelsea had gone ahead in the semi-final second leg through Fernando Torres but Adrian, crucially, levelled on the stroke of half-time.
Thibaut Courtois then brilliantly kept out a header from John Terry, and shortly after Atletico won a penalty which was clinically dispatched by Diego Costa before Arda Turan struck to seal a 3-1 aggregate success.
"They scored when they needed to score," Luiz said. "We controlled the game for the first 40 minutes and then we conceced a goal at the end of the first-half and they were able to counter attack and they dictated the game.
"In the second half, they scored the second goal and then we headed the ball against the post. If it is 2-2, it is a different game and we are back in it but then they scored the third goal and that is it.
"They have a a fantastic philosophy and a very good team. We gave it our best but it was not enough; that is football."
The on-loan Courtois had an impressive night for Atletico - cementing his reputation as one of the world's best young goalkeepers - and Mark Schwarzer believes he could provide some tough competition for Petr Cech next season.
"I thought he was outstanding," Schwarzer said. "He had a great game tonight. If we'd been a bit lucky and he'd been a bit unlucky we could have got back in the game and there could have been a few more nervy moments towards the end for them. It wasn't the case.
"They are both world class goalkeepers and I wouldn't say that they are at different ends of their careers because Petr still has a long way to go with his career."
Atletico and Real Madrid, who knocked out champions Bayern on Tuesday, will become the first two teams from the same city to contest any European final when they meet in Lisbon on 24 May.