Fasliyev made his debut in a five furlongmaiden race at Leopardstown in April. He led from the start, and went clear in the final furlong to win by three lengths from Desert Sky in "impressive" style at odds of 4/7. At The Curragh a month later he was theoretically moved up to Listed class for the Marble Hill Stakes, but the standard of the opposition was very similar, and Fasliyev once again led from the start to beat Desert Sky at by two lengths. His first real test came at Royal Ascot where he faced several previous winners in an eighteen runner field for the Group ThreeCoventry Stakes. The result, however, was much the same, with Fasliyev being sent into the lead by Kinane in the early stages and pulling clear inside the final furlong to win by two and a half lengths from the future Hong Kong Champions Mile winner Red Pepper. According to John Martin in the Irish Independent Faslivev won "more or less as he liked". In August, Fasliyev established himself as Europe's leading two-year-old with two Group One wins. At Leopardstown he started at odds of 2/7 for the Phoenix Stakes and led from the start to win easily, despite hanging to the left in the closing stages. Three weeks later he was sent to France for the Prix Morny at Deauville. Only two French colts, including the Prix de Cabourg winner Harbour Island, opposed him, but the challenge was provided by a strong English-trained Godolphin entry including the Group race winners Bachir, Warm Heart, and City On A Hill. In the early stages, Fasliyev had to dispute the lead with Harbour Island, but took control after a quarter of a mile and in the closing stages he pulled clear. Although Kinane eased the colt down in the final stages he crossed the line four lengths ahead of Warm Heart. The victory was described as "immensely impressive", while John Gosden, the trainer of the runner-up reportedly asked "Was that a three-year-old we were racing against?" Fasliyev's final start of the season was scheduled to be the Dewhurst Stakes at Newmarket in October. Two days before the race, Fasliyev suffered a fractured pastern when cantering in the paddock at Ballydoyle. Surgery, which involved the insertion of five metal pins into the leg, and intensive veterinary treatment saved the colt's life, but his racing career was over.
Fasliyev was retired to the Coolmore Stud at Fethard, County Tipperary. In 2007 he was sold to Japanese interests and stood at the Yushun Stallion Station. He died in Japan on 9 July 2013. Fasliyev has sired the winners of more than four hundred races. His only Group One winner has been Carry On Katie, but his best product has probably been the sprinter Chineur who won the King's Stand Stakes when it was still a Group Two race.