Simeone was sent off a quarter of an hour into the semi-final clash.
The Argentine was furious that his right-back Sime Vrsaljko had been shown a red card just ten minutes into the first leg fixture for two reckless tackles.
Simeone continued to rant and rave when the match restarted.
And The Mirror reports that eagle-eyed Gunners' supporters believe the Atletico boss shouted "hijo de puta" – which translates as "son of a b****" – before being given his marching orders.
They took to Twitter to amplify their point while Simeone simmered in the stands until a late Antoine Griezmann goal cancelled out Alexandre Lacazette's opener.
But his earlier behaviour may cost him a three-match touchline ban from Uefa.
And it certainly looks as though he failed his interview for the Arsenal job.
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It is now unlikely the volatile Simeone, 47, will even make the shortlist for Arsene Wenger's job.
For as he left the pitch, snarling and swearing at all those around him, he showed why most top clubs would not consider employing him.
Simeone was the player who went down like he'd been shot when David Beckham sent off for a petulant kick against Argentina at the 1998 World Cup.
As a player he was often cynical – as a manager many view him as always arguing with the fourth official, abusing the referee and attempting to intimidate the opposition.
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Simeone can be abusive – as he proved on Thursday night.
And his back from staff and players take lead from him. Jumping up in unison at every tackle, demanding a yellow card.
The long and short of it all is that Arsenal do not need to resort to employing someone like Simeone to make them challengers again.
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