We present a method which in principal allows to characterise all integral circulant graphs with multiplicative divisor set having a spectrum, i.e. the set of distinct eigenvalues, of any given size. We shall exemplify the method for spectra of up to four eigenvalues, also reproving some known results for three eigenvalues along the way. In particular we show that given any integral circulant graph of arbitrary order n with multiplicative divisor set and precisely four distinct eigenvalues, n necessarily is either a prime power or the product of two prime powers with explicitly given simply structured divisor set and set of eigenvalues in both cases.