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Ivanov is an ex-Pirin Blagoevgrad player. He moved to PFC CSKA Sofia in 2005. He is a Bulgarian under 21 player.
As a player of PFC CSKA Sofia he was a Bulgarian Cup winner in 2006 and Bulgarian Super Cup winner of the same year. Ivan Ivanov is considered as one of the big Bulgarian football talents. In August 2007 he went on loan to Lokomotiv Plovdiv. In winter 2008 it was reported in the Bulgarian media that he was a target for English side Derby County F.C. but problems with the work permit stopped the transfer. Now Ivanov is again playing with PFC CSKA Sofia.

He was in the starting line-up vs. Litex Lovech in the match for the Supercup of Bulgaria, which they won with 1:0.
After the many sold players in the summer break in 2008, he had become an integral part together with Kiril Kotev in the heart of CSKA Sofia’s defence, showing his great talent. On 19 September 2008, Ivanov scored his first goal for CSKA against Minyor Pernik. He headed in a goal after a corner kick in the 67th minute. The result of the match was a 2:0 win for CSKA. On 18 March 2009, he scored his second goal for CSKA Sofia, helping the club from the Bulgarian capital to secure a 3:1 win against Ivanov's former club Lokomotiv Plovdiv. He continued his goalscoring run against Spartak Varna on 21 March 2009 to consolidate the 2:0 away win for the "redmen". On 11 April 2009, Ivanov scored the winning goal for the "armymen" in the away game against Minyor Pernik. Ivanov continued his scoring spree in the match against Vihren Sandanski on 22 April 2009, he scored the firs...

On 22 June 2010, it was announced that Petrov had agreed terms with Bolton Wanderers¹³ and the free transfer was completed when the transfer window opened on 1 July.[14] He scored his first goal for the club against Manchester United on 26 September 2010