The detection of gravitational waves will open a new window to the universe which allows us to study the physics of the most compact objects of nature. In particular, gravitational waves emitted from an oscillating compact star will lead to estimations of the oscillation frequencies and damping times of its quasi-normal modes (QNM) which in turn carry information about the internal structure and composition of the compact object - this approach is called gravitational wave asteroseismology. In this talk i will give an overview about recent progress that has been made in order to include fast rotating stars in this framework.