After being forced out of power in early 1989 by Milo Đukanović, Svetozar Marović and Momir Bulatović in the wake of "anti-bureaucratic revolution", the 58-year-old Ivanović semi-retired from politics though he still continued holding official rank and fringe influence within Democratic Party of Socialists of Montenegro (transformed Montenegrin branch of Yugoslav Communist League) for some time afterwards.
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He was reappointed FRY Deputy Prime Minister in 1996 under Radoje Kontić of the Democratic Party of Socialists of Montenegro after the 3 November 1996 parliamentary election on which SPS won the largest number of votes for the Serbian seats in the Council of Citizens of the FRY Federal Assembly.