Balayev made his debut for Neftchi in an Azerbaijan Premier League match against Sumgayit in September 2012.

[9] He made his professional debut for Tobol in the Kazakhstan Premier League on 9 March 2019, starting in the home match against Irtysh Pavlodar, which finished as a 3–0 win.

[14] On 4 March 2022, Kazakhstan Premier League club Turan announced the signing of Balayev.

[17] Balayev was called up to the Azerbaijan national team for the first time in September 2013 for a 2014 FIFA World Cup qualification match against Israel.

[20] Statistics accurate as of match played 19 November 2019[21] Neftchi Baku Araz-Naxçıvan Azerbaijan Individual