Circular RNAs (cricRNAs) are relatively new members in the world of RNAs and can contribute to critical biological functions. Functionally, circRNAs can regulate their parent genes or act as microRNA (miRNA) sponges, preventing miRNAs from binding to their target genes. CircRNAs exhibit tissue-specific expression profiles depending on cell type and developmental stage. Yaghooti grape from Sistan is a seedless species with small berries. The compact clusters are another striking feature of this grape variety. In this study, we identified the circRNAs active in cluster formation and investigated the effect of gibberellin treatment on their expression levels. Of the 3,715 circRNAs identified, 900 cricRNAs are differentially expressed at three developmental stages of the cluster under gibberellin treatment. Gene ontology analysis (GO) showed that cellular activity increased in the first stage of cluster development but decreased in the second and third stages under the influence of gibberellin treatment, whereas the biological process and molecular function in the control and treatment samples showed a different pattern in the stages of cluster formation. The circRNAs-miRNAs-mRNAs interaction showed that up-regulated circRNAs could sponge the vvi-miR156, vvi-miR164, and vvi-miR172 families, which control a gene network associated with the flowering process in Yaghooti grapes. Thus, circRNAs could sponge miRNAs and regulate their target genes involved in the flowering process at the post-transcriptional level. Our results suggest that cricRNAs may play a key role in the developmental and cluster formation processes of Yaghooti grape and the plant’s tolerance to drought stress.