Mullins said: "He's electric. From the first day at home that I saw him jumping over fences I thought he was the best I've seen for a long while.
"He was good on his debut at Navan but today he was just awesome. He gained lengths at his fences and he's one to really look forward to.
"I'd imagine he'd come back here for a similar type of race at the new Dublin Festival of Racing (Leopardstown, February 3-4) and then, hopefully fingers crossed and everything stays right, on to Cheltenham."
Townend said: "Riding a good two-mile chaser, going that gallop and jumping as well as this lad does, there's no better feeling.
"He was jumping so well, I couldn't disappoint him and take him back. We didn't hang around, we went a proper gallop and he was doing it in his stride.
"He's always jumped very well since day one and for his second start as novice, to jump as well as he did there, was deadly.
"He was doing it all so easily but he brings a very high level of hurdle form to the table so you'd be hoping that he could do that."
Bookmaker reaction was to slash Footpad's odds for the Arkle at Cheltenham, with Boylesports and Paddy Power both going 7/4 (from 4/1) , while Betfair make him a 15/8 favourite (from 9/2).