The localization of partial discharges (PD) is important to monitor the conditioning of high voltage insulator materials. One of the key components in power grids is the high power transformer. Localization of PDs in these pieces of equipment can increase the reliability of power networks. One of the most commonly used methods to localize PDs is the time difference of arrival (TDoA) technique. Recently, time reversal (TR) techniques in the electromagnetic regime have been proposed to localize PD sources with a lower number of needed sensors compared to the TDoA technique. Contrary to TDoA, TR-based techniques do not need line-of-sight wave propagation from PD sources to the sensor(s). In this study, we extend the TR technique to localize PD sources in the acoustic regime for three-dimensional structures. Similar to the electromagnetic TR methods, a typical time reversal process includes three steps: 1) record the acoustic fields caused by a PD source using at least one sensor, 2) time reverse and back inject into the medium the recorded acoustic signal(s), 3) use a proper criterion to obtain the focusing point associated with the location of the PD source. The acoustic TR technique presented in this paper uses only one sensor. Numerical simulations are used to evaluate the performance of the acoustic TR technique for three-dimensional power transformer models. To do this, an open source MATLAB toolbox is used to solve the acoustic wave equation. The numerical results show that the TR technique can accurately localize the PD sources in three-dimensional power transformer models. Our analysis shows that the presence of windings inside the transformer tank does not degrade the efficiency of the acoustic TR technique.